A commercial land lease agreement usually covers the information of the tenant and the landlord. It can also include information about the rent, a guarantor (if any), the lease term duration and other vital details that constitute as lease terms. While landlords lease an industrial space, a restaurant, retail space, office etc, they have to keep many varied issues in consideration. These are the landlord’s responsibilities, and include: Taxes A few landlords need that tenants pay a percentage of the property tax. However, whether the amount will be a fixed part or a percentage will rest on the landlord's decision. Please visit this site to get a sample commercial lease agreement in California. Property Specifications The landlord has to make sure that the commercial usage is allowed on the property and that his property will meet the particular commercial usage requirements of the tenant. For instance, tenants cannot usually open up a restaurant in a building designed for an office space unless extremely specific bylaws and codes for building are satisfied. Property Use The landlord needs to decide how the property will be used by the tenant for his business, and grant the permission for the same. The tenant has to specify the kind of business he will be operating – finance, real estate etc in the commercial property lease agreement that he signs up for. Exclusive Use The landlord needs to choose whether exclusive use will be allowed to his tenant. In other words, the tenant will be the sole party to operate that kind of business in that building. For example, allowing a tenant to operate a retail store in a strip mall with a shop lease agreement. Improvements At times, tenants need to make some improvements to the property that they obtain in lease, to run their daily business operations in a more proper way. The landlord has to approve such improvisations and pay for them based on what the changes are in order to complete them. The improvements may transfer at the lease end to the tenant, and these usually depreciate in terms of value during the lease term. Whether it comes to a warehouse lease agreement or office lease agreement template, the landlord's responsibilities are important. For more information about getting a commercial lease agreement in Montana, please visit this website.
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AuthorCarl writes often about legal drafting and help Archives
December 2018
Rental Lease Agreement
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