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 Mexico Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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FAQ
An exclusive use clause, or ?exclusive,? reflects the agreement of the landlord to allow any other tenants within the shopping center to use their respective premises for a specific use, whether selling certain products or providing certain services.
A commercial lease provision prohibiting a tenant from opening a like business operation within a particular radius of the leased premises for a specified period of time. Radius restriction clauses are common in commercial leases with percentage rent provisions such as: Shopping center leases.
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.
State law regulates several rent-related issues, including late fees, the amount of notice (at least 30 days in New Mexico) landlords must give tenants to raise the rent, and how much time (three days in New Mexico) a tenant has to pay overdue rent or move before a landlord can file for eviction.
Section 47-8-37 - Notice of termination and damages. A. The owner or the resident may terminate a week-to-week residency by a written notice given to the other at least seven days prior to the termination date specified in the notice.
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.
A Standard Clause for use in an office lease agreement to define the permitted uses of the leased premises. This permitted use clause discusses exclusivity, rules and regulations, compliance with laws, and prohibited uses.
Ing to the Fair Housing Act and the New Mexico landlord-tenant laws, the tenant cannot be discriminated against for their sexual orientation, national origin, religion, disability, race, color, or sex.
