Posts Tagged ‘A commercial-property rental agreement’
Commercial-Property Rental Agreements
A commercial-property rental agreement is a contract between a landlord and tenant for a defined amount of space in a building called the leased premises. The parties must review the terms, as each rental agreement may have differences.
Term & Rent
1. Commercial-property rental agreements state the lease term. For renewal of the lease, the tenant issues a written notice to the landlord within a specific amount of time as dictated by the agreement, sometimes up to 90 days of the renewal date. The lease also sets out the amount of rent and when it’s due.
Alterations & Improvements
2. Modifications and redecorating of the commercial property is up to the tenant at his expense, but he must receive consent from the landlord before work begins.
Damages & Destruction
3. Should the leased premises become damaged through no fault of the tenant, her agents or business invitees, the tenant may elect to terminate the commercial-property rental agreement within 90 days of the event causing the damages. Read the rest of this entry »
Posted in 
Tags: 