Lease of Business Premises

• Category: Small Business - Landlord Tenant - Leases - Agreements
• State: Multi-State
• Control #: US-1346SB
• Format: Word; Rich Text

Description

This form is a commercial lease of a building and land for an unspecified business purpose. Lease of Business Premises is an agreement between a landlord and a tenant which grants the tenant the right to use the property as a business premises for a specific period of time. The landlord typically retains ownership of the premises and the tenant pays rent over the course of the lease. The type of Lease of Business Premises will depend on the nature of the business and the length of the lease. The most common types of Leases of Business Premises are: 1. Commercial Lease: A long-term lease between a landlord and a tenant for the purpose of operating a business. This type of lease usually lasts between three and ten years and includes provisions for rent, maintenance, insurance, taxes, and utilities. 2. Industrial Lease: A long-term lease between a landlord and a tenant for the purpose of operating an industrial business. Generally, this type of lease lasts between five and 25 years and includes provisions for rent, maintenance, insurance, taxes, and utilities. 3. Sublease: A tenant may sublease a portion of their leased property to another tenant. This type of lease allows the tenant to generate additional income, but the landlord will still be responsible for the terms of the original lease. 4. Month-to-Month Lease: A lease in which the tenant pays rent on a monthly basis. This type of lease is often seen in the retail sector and can be renewed or terminated on a monthly basis. 5. License Agreement: A contract between a landlord and a tenant which grants the tenant use of the premises for a specific purpose. This type of agreement is usually used for short-term events or activities and does not grant the tenant the same rights as a lease. 6. Assignment: A tenant may assign all or part of a lease to another tenant. This type of agreement is typically used when a tenant needs to move out of a property before the end of the lease.

Lease of Business Premises is an agreement between a landlord and a tenant which grants the tenant the right to use the property as a business premises for a specific period of time. The landlord typically retains ownership of the premises and the tenant pays rent over the course of the lease. The type of Lease of Business Premises will depend on the nature of the business and the length of the lease. The most common types of Leases of Business Premises are: 1. Commercial Lease: A long-term lease between a landlord and a tenant for the purpose of operating a business. This type of lease usually lasts between three and ten years and includes provisions for rent, maintenance, insurance, taxes, and utilities. 2. Industrial Lease: A long-term lease between a landlord and a tenant for the purpose of operating an industrial business. Generally, this type of lease lasts between five and 25 years and includes provisions for rent, maintenance, insurance, taxes, and utilities. 3. Sublease: A tenant may sublease a portion of their leased property to another tenant. This type of lease allows the tenant to generate additional income, but the landlord will still be responsible for the terms of the original lease. 4. Month-to-Month Lease: A lease in which the tenant pays rent on a monthly basis. This type of lease is often seen in the retail sector and can be renewed or terminated on a monthly basis. 5. License Agreement: A contract between a landlord and a tenant which grants the tenant use of the premises for a specific purpose. This type of agreement is usually used for short-term events or activities and does not grant the tenant the same rights as a lease. 6. Assignment: A tenant may assign all or part of a lease to another tenant. This type of agreement is typically used when a tenant needs to move out of a property before the end of the lease.