Missouri Allocation of Certain Time Periods for Construction Between the Landlord and Tenant Drafted Using the Pyramiding Technique

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Multi-State
Control #:
US-OL1051
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Word; 
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Description

This office lease form illustrates the different time lines for different components of rent, additional rents and other charges, thus creating independent commencement and running dates for measurement, and payment. This form also deals with resulting delays in the performance of either party and the impact on all of the defined measurement periods of any delays. Without reference to other facts and documents, the reader will see the benefit of precise complex definitions and also the danger that can result from the casual review of a document that employs the pyramiding of one definition upon another.

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FAQ

This can protect a landlord where a tenant is using the space for an unauthorized use. A clear use clause can also protect a tenant if the landlord's actions prevent, or substantially interfere with, the tenant's possession, use, and enjoyment of the premises for the purposes for which they were leased.

The attornment clause requires tenants to acknowledge any new owner of the property as the landlord.

Use Clauses This clause defines how the tenant can and can't use the property they're leasing. The use clause may be very specific, so it's important that you read its terms carefully.

A rent escalation clause is a common provision in commercial lease agreements that allows for periodic rent increases over the lease term. The purpose of the clause is to adjust the rental rate to account for changes in market conditions, inflation, and the cost of living over time.

The Use Clause and Exclusive Clause Some landlords want to limit how you'll use the rented space. The limitations can be as broad as what business you'll conduct there, as narrow as what specific services or products you'll offer, or as nebulous as the quality level of your operation.

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Missouri Allocation of Certain Time Periods for Construction Between the Landlord and Tenant Drafted Using the Pyramiding Technique