COMMERCIAL LEASE: THIS LEASE AGREEMENT, [the "Lease"] made and entered into this ___ day of November, 1996, by and between 340 NORTH, Inc., [hereinafter referred to as "Landlord"], and Boat Tree,...
Assignment is when one of the parties assigns another party to take over the lease from them. It often happens if the owner sells the property during the lease’s term. However, terms are always involved, such as that the owner must notify the Lessee in writing should they assign the leas...
The Basics: What is a Commercial Lease? Simply put, a commercial lease is an Agreement that allows a business owner to rent a space for commercial activities. Unlike residential leases, which are often standardized, commercial leases can vary widely in their terms and conditions. So it’s esse...
RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook commercial loading See:administrative loading. Dictionary of Military and Associated Terms. US Department of Defense 2005. Want to thank TFD for its existence?Tell a friend about us, add a link to this page, or...
Occupants: Residential property is often owner-occupied, whereas commercial properties are usually occupied by business tenants who lease the property from the owner or a group of investors. Lease terms: Commercial real estate properties typically have longer lease terms than rental residential properties...
Either party must give the other at least 60 days’ notice should they wish to terminate the lease. Suppose the landlord’s property is taken in execution or by any other lawful action, and the property’s ownership shifts to another individual or entity. The new owner has to give the ten...
Lease-option commercial loans (1) Leased Fee Estate (1) leased land (1) leasehold loans (1) leasehold mortgage (1) leasehold mortgage loans (1) legal (1) legality of referral fees (1) legitimacy (1) Lehman Brothers (1) Lessons (1) LIBOR Being Replaced (1) licensing...
15. Import Lease An import lease is a type of rental for a piece of imported equipment. The owner would be from another country, so the lessee or renter would then send the payment abroad. 16. Sublease Agreements As previously mentioned in the Booth (Salon) agreement, the direct tenant of...
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 commercial lease draft document can originate with either the landlord or the tenant, with the terms subject to agreement between the parties....
subject to the terms and conditions in this Agreement. Lessee’s Access To Premises: Upon the execution of this Lease, Lessor grants to Lessee, Lessee’s employees, agents and invitees access to and from the premises by and through the building and adjoining property owned by Lessor and to ...