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.
Rhode Island 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 percentage lease is an agreement where the tenant pays rent plus a portion of their business profits. In this type of lease, the landlord benefits from the tenant's success. Percentage leases are standard in commercial real estate, particularly in retail.
The definition of fixed expenses is ?any expense that does not change from period to period," such as mortgage or rent payments, utility bills, and loan payments. The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis.
Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).
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.
What Are Lease Clauses? A lease clause is a specific part of a contract or rental agreement between the landlord and tenant. These clauses need to be compliant with local state laws and other agreements between the two parties.
There is no rent control in Rhode Island, so a landlord is free to set the rent at whatever s/he decides. You and the landlord can agree on the date that rent will be paid. If your rent is more than 15 days late, you can be evicted for non-payment and the landlord can use a quick court proceeding.
Typical expenses when renting an apartment include an application fee, renter's insurance, a security deposit (usually equal to one month of rent), a pet deposit, and utilities, among other costs.
Flexible expenses (often called variable expenses in accounting) are those that fluctuate month over month, like groceries, dining out, or entertainment. Both types of expenses need to be accounted for.
