If you are a small contractor who needs office space, or the owner of a building who wants to rent units in your building, this document is necessary to clarify everyone`s commitments and clarify expectations. When negotiating this type of agreement, the landlord and tenant should clarify all the concerns they have about the use of the space and what is necessary for the business. If the commercial real estate tenant operates a publicly accessible business and employs more than 15 people, the Americans with Disabilities Act (ADA) applies and requires that doors be widened or ramps installed. Does the landlord or tenant have to pay for these changes? Find out who is responsible for ADA compliance and make sure you remember your decision in writing. ☐ non-authorized sublease. The tenant will not cede this contract with respect to any part or all of the denied premises, or will either proceed or authorize a full or partial subletting or any other transfer of part or all of the denied premises. A broker who finds a tenant for a commercial space owner is entitled to a commission. The broker wants the agreement to be “exclusive,” which means that the broker receives the commission, regardless of which party brings the tenant. ☐ allowed to sublet with the owner`s consent.
The tenant may not give in, mortgage or transfer interest on this contract, or sublet all or part of the denied premises or grant a license or concession in this context without the prior consent of the lessor, the consent of the lessor being left to the exclusive discretion of the lessor. The owner should verify that the real estate agent is licensed in the state where the rental property is located. The agreement should indicate the leased area (office or retail) and the address of the building. As a general rule, the commission is not earned until a rental agreement is signed, the tenant has paid the rent for the first month in advance and has taken possession of the property. A lessor and a broker usually enter into a brokerage contract in connection with the rental of commercial space. The best way to protect your interests is to consult an experienced real estate lawyer before signing such an agreement. ☐ tenant, including clients, employees, agents and clients, is NOT allowed to use parking on the property.