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.
Oklahoma Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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US-OL23011
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FAQ
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.
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.
In 2023, there are important updates to the Oklahoma eviction laws, which both tenants and landlords should be aware of. Take note of the following key changes: 1. Notice requirements: Landlords must provide written notice to tenants at least 30 days prior to starting the eviction process.
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 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.
An occupancy limitation of two (2) persons per bedroom residing in a dwelling unit shall be presumed reasonable for this state. The two-person limitation shall not apply to a child or children born to the tenants during the course of the lease. Added by Laws 1978, c.
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.
