Industrial Lease Agreements

Fixed date rental: this type of leasing indicates the exact end date of the rental agreement. This is advantageous for both parties, as the duration of the lease is fixed in advance, the rent cannot be increased during this period, and no changes to the lease can be made unless the lessor adds a clause in the rental agreement and the tenant agrees. For example, if a tenant had a 12-month lease with automatic renewal, the lease could remain mandatory and valid after the 12 months if both parties agree. If neither party objects, the lease would simply be extended for a further 12 months. ☐ taxes are included in the rent, including an increase in property tax. Learning more about what to do is “When good rental deals get bad”. In a commercial lease, it is customary to define the following terms: community sector maintenance costs do not include: (1) repair, replacement and general maintenance costs paid by the insurance proceeds, by the lessee or by other third parties; (2) interest, shock absorbers or other payments for loans to lenders; (3) depreciation; (4) leasing commissions; (5) legal fees for services that do not benefit project tenants (e.g. B tax disputes); (6) the renovation or improvement of spaces for the leased premises of the project, if any, or the empty spaces of the project; (7) taxes and insurance which are paid separately in accordance with paragraphs 3 and 4 below; and (8) Federal income taxes collected or assessed on the income of the owner of the project operation. . . .