Security Deposit –By law, the deposit for a lease agreement under the residential classification is 150% of the monthly rent. However, there are no restrictions for deposits in a commercial lease. Guarantor –Regardless of lease property type, landlords may still require a guarantor even for a...
Created by: [Lessor.FirstName][Lessor.LastName][Lessor.Company] Prepared for: [Lessee.FirstName][Lessee.LastName] [Lessee.Company] When Use a Commercial Lease Agreement Template? A commercial lease agreement is a contract between a business owner and a landlord that states...
upon the Premises during the Term of this Lease, or by reason of the imposition of any governmental lien for the recovery of environmental clean-up costs expended by reason of such violation, it being expressly understood and agreed that to the extent Lessor and Lessor's officers, directors, ...
A Commercial Lease may be a legally binding agreement negotiated between a landlord, often also a commercial landlord and a business, where the property will be used for business purposes. Generally, the lease includes address of the property, business tenant and landlord contact details, an invent...
The Base Rent shall be adjusted as provided in this Lease. 1.7 UTILITIES AND SERVICES. All utilities and Janitorial Services necessary to or desired by Tenant shall be paid by Tenant. Tenant shall be responsible for routine repairs and maintenance, Security Services, Janitorial Services, ...
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The obvious one for commercial landlords is don’t be a pig and chase a small business owner for tens of thousands of dollars over and above what you received in new lease funds. As far as drafting these clauses, it’s a tough one because so far humans have been unable to accurately ...
Tenant shall pay all charges for water, sewer, gas, electricity, telephone and other services and utilities used by Tenant on the Leased Premises during the term of this Lease unless otherwise expressly agreed in writing by Landlord. In the event that any utility or service provided to the Le...
Commercial Lending is the process by which a bank, loan company or individual lends sums of money, in return for a rate of interest, to individuals or companies for the support of a business. The successful operation of the enterprise, as opposed to the securing collateral, represents the ...
There are NO restrictions. Foreigners are permitted to own any land or properties in Hong Kong without any restrictions. What are my ownership options? The nature of ownership is not freehold but rather a long leasehold. For example, land situate in the New Territories has a lease term up ...