In addition, there may be other parts of the tenancy agreement, apart from the monthly rent that the parties might want to negotiate, such as: As a result, tenants and landlords must carefully negotiate the terms of this agreement to ensure that each party is properly protected and that the obligations are clearly defined. ☐ landlord grants the tenant the non-exclusive right to use, like all other tenants or occupants of the property, the common area of the property. The term „common space“ refers to all surfaces and improvements to the property that are not rented or leased to tenants. The Common Area is subject to the exclusive control and management of the lessor at all times, and the lessor has from time to time the right to change the sizes, locations, shapes and arrangements of the common space; Limit parking by tenants and other tenants to designated areas to do and carry out such other acts in and in the common space and to adopt, modify and enforce these rules and requirements, as the lessor deems appropriate at his sole discretion. The owner must maintain the common area in good condition and reasonably free of dirt. Another important aspect that is discussed in the lease is the allocation and sublease. This is the act of renting the property to a subtenant. This is a very important thing that needs to be carefully discussed between the tenant and the landlord so that there are no more problems later. ☐ This contract and the denied premises do NOT include the tenant`s use of common parts of the property. The term „common space“ refers to all surfaces and improvements to the property that are not rented or leased to tenants.
If you own property that you rent, you can benefit from the other essential documents we provide to owners, such as Z.B. Eviction Notice, Triple Net Lease Agreements, Commercial Sublease Agreements and more. If you`ve just started and haven`t created a business unit yet, we can also help. With our document manufacturer, the creation of this commercial real estate contract is simple: all operating costs are included in a full service or gross rental contract. Operating costs or potential property taxes are already included in the base rent. However, the lessor may expressly reserve the right to apply future increases in operating costs to the tenant.
Net Lease Each real estate agent calculates his own rates, although the industrial standard is to calculate between 4 and 6% of total rent. 50% of the fees are paid in rental and the other 50% are paid if the tenant takes care of the occupancy. For example, if a 5-year lease is $1,000 per month, the agent`s fee would be $2,500 ($50,000 multiplied by 5% – $2,500).
☐ taxes are included in the rent, including any property tax increases. In the event that, for one year of the duration of the agreement, an increase in property taxes would exceed the amount of these taxes, estimated for the fiscal year in which the duration of the agreement will begin, whether due to an increased tax rate, an assessment or otherwise, the tenant must pay the lessor, upon presentation of tax bills paid, an amount equal to the increase in taxes on the property and property on which it is located.