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.
Tennessee Office Space Lease Agreement
State:
Multi-State
Control #:
US-00575
Format:
Word;
Rich Text
Instant download
Description
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FAQ
In situations in which a tenant under a commercial lease is in default, landlords tempted to lock the tenant out or to repossess the property should proceed with due respect for a Tennessee statute that has been around since 1821. That statute is known as the forcible entry and detainer statute.
This lease structure makes the tenant responsible for the majority of costs. Specifically, the tenant pays the base rent, property but also taxes, insurance, utilities, and maintenance. This even includes standard property repairs associated with the commercial space being occupied.
A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations.
Landlords of commercial property can repossess the property under Common Law by forfeiting the lease. They also have the option of removing tenants under a writ of possession.
Landlords are prohibited from harassing or retaliating against tenants who exercise their legal rights. In Tennessee, the landlord must not terminate, refuse to renew a lease, or fine a tenant for complaining to the landlord regarding the deposit, complaining to a government agency, or exercising a legal right.
A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations.
A tenant can be evicted in Tennessee if they do not uphold their responsibilities under the terms of a written lease or rental agreement. Tennessee landlords are not required to allow tenants to correct or cure a lease violation unless the breach can be corrected by paying an amount to cover damages or repairs.
Nearly all commercial leases have a clause which will entitle the landlord to re-enter the property, re-take possession and change the locks in the case of rent arrears. It is important to note that you cannot force your way into the premises and take it over.
No, lease agreements do not need to be notarized in Tennessee. As long as the lease is signed by at least one party, notarization is not necessary. The landlord and tenant can agree to have the lease notarized if they wish, but it is optional.
