North Dakota Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors

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Multi-State
Control #:
US-OL23011
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Description

This office lease form states that the Landlord shall not lease or sublease any other space in the building, during the term of the lease or any renewal to any party that can reasonably be deemed a competitor of Tenant.

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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 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.

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.

Leasehold. Explanation: A lease defines the period of time during which the tenant has a right to occupy and enjoy a property. At the end of that period, The right reverts to the owner.

Signing a lease provides both landlords and tenants with clear terms and conditions outlining the relationship and the rental agreement. Doing so also establishes the rights and responsibilities of each party involved.

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

A person may not discriminate against an individual in the terms, conditions, or privileges of sale or rental of a dwelling or in providing services or facilities in connection with a sale or rental of a dwelling because of race, color, religion, sex, disability, age, familial status, national origin, or status with ...

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North Dakota Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors