Recreational Cannabis Dispensary Lease (Pro-Landlord)

This template provides a comprehensive lease agreement for leasing stand-alone retail space specifically tailored for recreational cannabis dispensaries. The template is pro-landlord with annotations for both landlords and tenants. Structured as a triple-net lease, it requires tenants to bear costs including property taxes, insurance, and maintenance expenses beyond base rent. Key highlights include clearly defined terms for permitted cannabis activities, responsibilities for securing and maintaining necessary licenses, detailed clauses on alterations, and specific landlord protections such as security deposits and prepaid rent to mitigate risk. Optional clauses provide flexibility for renewal options, site-specific disclosures (e.g., septic system, fire sprinklers), and cannabis licensing contingencies. The template emphasizes regulatory compliance and includes detailed provisions on insurance requirements, utility payments, damage and casualty handling, eminent domain, and tenant defaults. Counsel may use this template to tailor the lease to their local cannabis regulations and ensure legal compliance. This template suits landlords aiming to clearly delineate tenant responsibilities and minimize risks inherent in leasing to cannabis businesses.

This template is available on the LexisNexis Practical Guidance website at https://advance.lexis.com/open/document/lpadocument/?pdmfid=1000522&pddocfullpath=%2Fshared%2Fdocument%2Fforms%2Furn%3AcontentItem%3A6G16-5N03-CGX8-03XH-00006-00&pdcontentcomponentid=500752