Commercial Lease Agreement
Preview document - " COMMERCIAL LEASE AGREEMENT"
Frequently Asked Questions
What is considered a landlord improvement?
A landlord improvement is a leasehold improvement completed by the landlord. It is any expense which contributes to the permanent improvement of the leased property.
What is movable property (chattel)?
Any personal property that is not significantly attached to the property and can be moved without causing damage is considered to be a chattel (movable property).For example: lamps, curtains, microwaves, desks, personal computers, etc.
What is a tenant improvement?
A tenant improvement is a leasehold improvement completed by the tenant. It is any expense which contributes to the permanent improvement of the leased property.
What is movable property (chattel)?
Any personal property that is not significantly attached to the property and can be moved without causing damage is considered to be a chattel (movable property). For example: lamps, curtains, microwaves, desks, personal computers, etc.
What is a signing bonus?
A signing bonus is any incentive given to the tenant in exchange for entering the lease agreement. A common example is a period of free rent.
What is gross rent?
Gross rent is the minimum fixed amount the tenant is charged each month. It does not include any additional variable charges such as operating costs.
When should I customize a standard clause?
Revising a standard clause is completely optional and should be done if you have a specific need or requirement that is not addressed by the standard clause.
When should I include an additional clause?
You should include an additional clause if there are any terms or issues unique to your situation that have not been addressed in the questionnaire.
How should I write my clause?
in order to reduce confusion, write your clauses with plain language and limit them to one paragraph in length. Also, use any predefined terms such as Tenant, Property, Landlord, etc. in your clauses.