Louisiana Office Space Lease Agreement

State:
Multi-State
Control #:
US-00575
Format:
Word; 
Rich Text
Instant download

Description

This document is a lease agreement which provides that the lessor will lease to the leasee office space described within the agreement. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee will pay all personal property taxes duly assessed against lessee's personal property located on the premises and shall also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties.
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How to fill out Office Space Lease Agreement?

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FAQ

Either the tenant or the landlord can avoid automatic-renewal by giving written notice of their intent to vacate. Most leases require written notice for termination at least 30 days prior to the current lease's expiration.

Early Termination Clause Read over the lease and look for language that outlines agreed-upon terms for ending the lease before the end of the fixed period, such as the amount of the fee (i.e. equal to 2 month's rent) and the amount of notice required (i.e. 30 days).

Essential elements like Offer, Acceptance, Consideration, Lawful Object, Intention of the Parties, Competency, Capacity to Contract, Subject Matter, Writing and Registration etc, are important to be followed in the Contract of Lease.

A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations.

The tenant must give proper written notice of his/her intent to vacate the property in accordance with the provisions of the lease. If there is a month-to-month lease, then the tenant must give written notice of intent to vacate at least ten days prior to the last day of the month for which the rent was paid.

You will still be liable under the terms of the lease. Unless you are insolvent, the landlord is likely to take legal action against you to recover any money you owe, and their legal costs. By simply walking away, you are likely to reduce the chances of a new tenant taking over the premises soon.

How to negotiate a commercial lease for your retail store: 15 tipsSettle ahead of time on your budget, your must-haves, and your nice-to-haves.Get an agent or lawyer to negotiate for you.Do negotiate on more than one location at the same time.Don't pay asked base rent.Check the square footage yourself.More items...?

Ways out of a leaseYou agree a termination of the lease, usually avoiding any ongoing liabilities to the landlord.You find a tenant to replace you, and assign the lease to this third party. This will probably leave you with some liabilities to the landlord.An alternative is to sub-let the premises.

A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations.

This lease structure makes the tenant responsible for the majority of costs. Specifically, the tenant pays the base rent, property but also taxes, insurance, utilities, and maintenance. This even includes standard property repairs associated with the commercial space being occupied.

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Louisiana Office Space Lease Agreement