Commercial Lease Agreement
Office, warehouse or retail lease agreement balancing landlord and tenant interests.
Standard version — balanced terms suitable for long-term relationships.
What it is and why you need it
Commercial real estate lease is one of the largest cost items for any business. Most agreements are drafted hastily or taken from the landlord — meaning they are written in the landlord's favour from the start. Mistakes here are costly: losing a deposit, sudden eviction, disputes over repairs.
What happens without a proper agreement
- Landlord raises rent unilaterally
- Tenant cannot leave without penalties even if landlord is in breach
- Dispute over the condition of premises upon return and loss of deposit
- Landlord cuts utilities as leverage
- Improvements made by the tenant remain with the landlord without compensation
- Unclear who pays for capital and routine repairs
What's included
| Subject and description of premises | Area, address, condition upon handover (acceptance certificate) |
| Rent and indexation | Conditions for rate changes, notice, limitations |
| Utility payments | Who pays and how, settlement procedure |
| Deposit | Amount, conditions for retention and return |
| Repairs and improvements | Distinction between capital and routine, fate of inseparable improvements |
| Early termination | Grounds, notice periods, compensation |
| Liability of the parties | For property damage, downtime, breach of terms |
Who it's for
| Who | How they use it |
|---|---|
| Office lease | Fixes all terms before move-in |
| Warehouse or industrial lease | Protects against disputes over equipment and improvements |
| Retail space lease | Regulates operating hours and access |
| Sublease | Protects the interests of the intermediate tenant |
Frequently Asked Questions
What is the typical lease term for commercial property in Uzbekistan?
Lease terms can be short-term (up to 1 year) or long-term (1 to 49 years). Leases exceeding 1 year require state registration. If no term is specified, the lease is considered indefinite.
Who is responsible for property repairs?
By default, routine maintenance falls on the tenant and capital repairs on the landlord. However, parties may redistribute responsibilities in the agreement.
Can a commercial lease be terminated early?
Yes, in cases of material breach or on grounds specified in the agreement. Tenants typically must provide 1-3 months' notice. Early termination conditions should be detailed in the lease.