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.
New Jersey Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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FAQ
What are the different types of commercial property? Offices. Retail ? retail stores, shopping centres, shops. Industrial ? warehouses, factories. Leisure ? hotels, pubs, restaurants, cafes, sport facilities. Healthcare ? medical centres, hospitals, nursing homes.
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.
The landlord registration requirement applies to all rental premises or units used for dwelling purposes except owner-occupied premises with not more than two rental units.
A shell space in real estate refers to a space that is bare on the inside. This can be a property of many different types: Industrial buildings, commercial offices, and even a residential apartment.
A second generation space is defined as someone who has lived in the space so another tenant has occupied the space, so a certain build out has been completed.
Examples of commercial property spaces include office buildings, residential duplexes, restaurants, or even a warehouse. If you can make money from leasing it out or holding it and reselling it, it can be classified as a commercial property.
Build -Out: This happens when the space is already finished and may have been previously occupied by another tenant. The landlord may agree to remodel the unit ing to the needs of the tenant.
Commercial leases, particularly leases in retail shopping centers, often contain provisions (known as "use exclusives") that prevent the landlord from leasing space in the same mall, center, or area to a business that sells products or services similar to those sold by an existing tenant.
