The process of renting commercial space depends on the type of property such as office, retail or industry. All types of buildings are generally marketed as prices per square foot ($/SF). Each property is unique and so it can be difficult to find a suitable price. So it`s worth seeing what other properties have rented near you for. Once a price is set, you can list your property for rent, sign a lease and start collecting rent. After the release of the surety and the signing of the lease, the tenant must begin the occupation. This means that the tenant can start using the space as stated in the rental agreement. Both parties are required to report on their defined obligations until the end of the rental period. Nowadays, people, including lawyers, rarely re-draft from the bottom up.
While you`re unlikely to find someone who fits your situation perfectly, the contract templates cover different themes closely related to the nature of the rental agreement you need to design. Fortunately, templates are easy to customize to meet a user`s needs. Just modify the content of the template to match the circumstances you`re in, and you should be good at walking. If you start the writing process early, you`ll have enough time to write a polished product that you can safely run when you start a landlord-tenant relationship. If you have a writing plan, it will also be easier to fill out the required content of your lease. Enter the date the parties sign the commercial lease. Hire a lawyer or design the lease yourself. Be sure to collect all the information about the property and the tenant and conclude the contract. Once completed, the document should be signed with the tenant and lessor in the presence of a notary. In this way, signatures will be proven and the agreement will be much more likely to be brought to justice if its legality is ever called into question.
Identify the property that needs to be covered by the agreement. These include the exact location of the leased area and a brief description that may affect the ownership or legal rights of the property. Remember to correctly designate both the landlord and the tenant protected by the agreement. The duration of the entry into force of the rental agreement must be clearly stated in the document, in accordance with your jurisdiction. Other important details to note in the agreement are the rent to be paid and the date on which it is due, the amount of the deposit or, if applicable, the costs, the consequences of late payment and the provisions for renewal or termination of the lease-tenant relationship. Remember that terminating the lease is essential to grant a 30-day eviction notice to a non-paying or problematic tenant. As long as the owner complies with the terms of the contract, he or she can provide evacuation. The lessee has the right, even without the agreement of the lessor, to transfer this lease to a company with which the lessee may merge, to a subsidiary under common control with the lessee or to a buyer of all the tenant`s property.
With the exception of the foregoing, the lessee may not sublet all or part of the rented premises or assign all or part of this rental agreement without the agreement of the lessor, without such consent being inappropriately refused or delayed. Like any other contract, the rental agreement must follow a certain format for reasons of consistency and formality. Start with the design of the titles for each section of the lease agreement. This makes it easy for readers to find the necessary information without having to hover over the entire document….