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Commercial and Retail Lease Agreement

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Commercial & Retail Lease Agreement  Commercial Lease Agreement

Commercial & Retail  Lease Agreement includes Lease (Commercial, General) which is a general commercial lease that can be adapted to most uses. Suitable for most general commercial properties.

Understanding a Commercial Lease. … A lease is a legally binding contract that gives you certain rights to a property for a set term. A commercial lease is used when leasing property used primarily for a business. You should never sign a lease without understanding all of its terms and conditions.

Commercial Lease & Retail Lease

Commercial Lease is the legal document which sets out the rights and responsibilities of both landlord and tenant of a commercial premises

There are two kinds of Commercial Leases:-

  • 1. Retail Commercial Lease:  wherever goods or services are being  sold to the public from the premises, and;
  • 2. Non-Retail Commercial Lease:  wherever the premises will not be used to sell goods or services to the public, but will still be used for business purposes (e.g. offices, warehouses).

Our Lease (Commercial, General) is 54 pages long and includes:-

  • CONTENTS
  • Part 1      DEFINITIONS AND INTERPRETATION
  • Part 2      RENT AND OUTGOINGS\
  • Part 3      ABATEMENT
  • Part 4      RESUMPTION AND EASEMENTS
  • Part 5      USE OF PREMISES
  • Part 6      ASSIGNMENT
  • Part 7      MAINTENANCE, REPAIR, ALTERATIONS, ETC.
  • Part 8      Environmental Clauses
  • Part 9      AIR CONDITIONING, FIRE EQUIPMENT, LIFTS AND ESCALATORS
  • Part 10    ELECTRICITY AND OTHER SERVICES
  • Part 11    OPTION TO RENEW
  • Part 12    INSURANCE REQUIREMENTS
  • Part 14    ATTORNEY
  • Part 15    QUIET ENJOYMENT AND HOLDING OVER
  • Part 16    DEFAULT AND TERMINATION
  • Part 18    MISCELLANEOUS
  • Part 19    GUARANTORS
  • Part 20    BANK GUARANTEE
  • Part 21    EXECUTION AND REGISTRATION
  • Part 22    MORTGAGEE CONSENT
  • Part 23    TRUSTS

If this Commercial & Retail Lease Agreement is not what you are looking for please do not hesitate to contact us.

 

Important Changes to the Retail Leases Act

Author :  Eric Kalde

 
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