Obligations of the tenant such as the obligation to conduct regular maintenance and repairs Determining whether the landlord or tenant has the obligation to perform structural repairs Dealing with issues of rent abatement when property is damaged ... does the rent continue to fall due or not. ...
our common law does not provide ‘benefit of the bargain’ damages in the event of termination of the lease following a breach. Once a landlord terminates a lease, the tenant is no longer obligated to pay the rent, and, unless the lease otherwise so provides, the 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 inventory of fixtures and fittings, terms of the lease, generally as per a residential l...
Residential leases are usually generated by a landlord and signed by a prospective tenant without much negotiation. Commercial lease contracts, however, are oftenlengthy and complex documentsthat outline terms. The parties discuss these terms, sometimes with legal assistance, and negotiate such tenancy m...
Under agross lease, the tenant pays only rent, and the landlord pays for the building’s property taxes, insurance, and maintenance. Signing a Commercial Lease Tenants generally are required to sign a commercial lease that details the rights and obligations of the landlord and tenant. The commer...
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They will also be able to determine whether a guarantor is necessary, as there could be a way to secure the lease without going down this path. Ultimately,a legal advisorcan enter into negotiations with the landlord to ensure you get the best deal. ...
A Virginia commercial lease agreement is a legal contract between a landlord and a business tenant, establishing the terms and conditions governing the rental of commercial property within the state of Virginia. It addresses key elements, including rent details, lease duration, maintenance obligations,...
Before jumping into a dispute, Landlords and tenants of commercial leases should review both their leases carefully to determine their respective rights and obligations under the lease as well as practical and potentially non-legal issues in assessing your options for maintaining or terminating your com...
Such termination, and the parties obligations under this Lease shall terminate effective upon the date of the casualty and the rental due for that month shall be prorated to the date of termination. 13.4 In the event of the destruction or casualty to the Premises, the Landlord shall be ...