This document is a lease agreement which provides that the lessor will lease to the leasee office space described within the agreement. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee will pay all personal property taxes duly assessed against lessee's personal property located on the premises and shall also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties.
Puerto Rico Office Space Lease Agreement
State:
Multi-State
Control #:
US-00575
Format:
Word;
Rich Text
Instant download
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How to fill out Office Space Lease Agreement?
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FAQ
Landlords often ask new business tenants for a rent deposit, usually expressed as a sum equivalent to 3 or 6 months' rent. This money is held by the landlord in a designated account and can be drawn on if the tenant defaults in paying the rent or is otherwise in breach of covenant, causing the landlord expense.
Allow six to eight weeks for a 'standard' lease transaction from receiving the heads of terms from the agents to actually signing.
The process of assignment of a lease is essentially selling the lease to a third party (the assignee). If you are a commercial property tenant, your contract likely contains a clause that allows you to assign your lease to a new tenant. To do this, you will need to find a potential new tenant yourself.
6 Steps to Taking a Lease of a Commercial PropertyHeads of Terms agreed between parties/agents.Solicitors instructed.Lease drafted and title information prepared.Tenant's due diligence.Lease agreed and reporting.Lease completed.
Here are seven essential clauses to include in your lease agreement.Identify Landlord and Tenants.Identify Property.Rental Term.Rent Amount and Due Date.Security Deposit Terms.Tenant Responsibilities.Landlord and Tenant Signatures.
Essential Lease Clauses In Your California Rental AgreementRental Agreement vs. Lease.Ownership of Inhabitancy.Mode of Communication.Description of Rental Property.Rent.Deposits & Fees.Repairs and Maintenance.Restricting tenant's illegal activities.More items...?
THE LEASING PROCESS - LANDLORDSLeasing Appraisal.Appoint Leasing Agent / Property Manager.Sign a Management Agreement (Before or After Tenant is Acquired)
What Is a Commercial Lease? A commercial lease grants you tenants' rights to a commercial property. It's a legally binding agreement made between a landlord (often the owner of the property) and a business tenant that outlines any terms and conditions you both must follow.
Document everything in writing. Keep a written record of everything that is agreed on, and be careful to use the right terms in the agreement.Consult an attorney.Use separate agreements.Keep the term short.Take a security deposit.Pay like an owner.Factor in repair costs.Don't give large rent credits.More items...?
These are eight clauses that a landlord should include in a lease agreement in California:Security Deposits.Specific Payment Requirements.Late Rent Fees.Rent Increases.Notice of Entry.Rental Agreement Disclosures.Gas and Electricity Disclosure.Recreational Marijuana and Rentals.