A commercial lease agreement is a binding contract between a landlord and a tenant for the rental of a property specifically for business purposes like office, retail, commercial or industrial space. This contract contains the terms and conditions of the lease including the rent, term, penalties a...
This leasing agreement is one where you rent a specific space or building to another party. However, you only use it if the party plans to use the premises for business purposes. Parking Space Lease Agreement Used4,958times A parking Space Lease Agreement for the rental of a parking space ...
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The late payment penalty on a commercial lease is usually calculated as a five to 10 percent of the rental amount. It can also be a flat fee. Usually, a late fee can only be charged if the original lease agreement provides for it. If your lease has no late fee clause, you can't ...
The Security Deposit shall be held by Landlord without liability for interest and as security for the performance by Tenant of Tenant's covenants and obligations under this Lease, it being expressly understood that the Security Deposit shall not be considered an advance payment of rental or a meas...
LEASE AGREEMENT (COMMERCIAL SINGLE-TENANT NET LEASE) THIS LEASE AGREEMENT is made and entered into as of the Execution Date by and between ERNST DEVELOPMENT PARTNERS, INC., a California corporation (“Landlord”), and EXELIXIS, INC., a Delaware corporation (“Tenant”). WITNESSETH 1. Premises...
Use this commercial sublease agreement when a tenant under a commercial property lease, wishes to sublet the premise for a portion or the balance of the term to another party. A tenant may choose to sublet for various reasons including, downsizing, the sale or relocation of a business or many...
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When your CommerciaLease comes to an end, you have several options for completing the lease-end process: CONTACT LINCOLN AUTOMOTIVE FINANCIAL SERVICES: 1-888-498-8801 Obtain a payoff quote and receive assistance with the buyout process Discuss extending the term of your CommerciaLease agreement Dis...
Tenants tend to prefer this type of lease because they don’t have to get involved in the day-to-day operations of the building the rent is fixed, even if the expenses aren’t. For example: during the summer, rent will remain the same even though air-conditioning use increases electricity...