This is a commercial lease form for the State of Utah. It is for leasing a building for any use, such as an office. This lease is very detailed and includes provisions addressing the areas of lease term, payment of rent, later charges, utilities, condition of premises, security deposits, default, termination, right of re-entry, holdover, and many other legal clauses. Make changes to suit your needs and agreement with your lessee.
Utah Commercial Building or Space Lease
Category:
State:
Utah
Control #:
UT-988LT
Format:
Word;
Rich Text
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How to fill out Utah Commercial Building Or Space Lease?
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For office buildings that include retail space, the 2019 edition of Chain Store Age's annual survey of retail build-outs put the average cost at $56.53 per square foot.
Educate Yourself. Choose A Property Type. Your Investment Strategy. You Need To Know The Math Inside And Out. Take a CCIM course and work for your designation. Find A Broker That Specializes In Your Chosen Property Type. Find A Commercial Real Estate Attorney.
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Typically, commercial space is evaluated at $X per square foot, and that rate times the rentable square feet for your space determines your monthly rent.
Multiply the amount by the rentable square footage to determine your monthly cost. Divide that amount by your usable square footage to calculate your actual price per usable square foot. For example, if the rentable square footage is 1,130 and the price is $1 per square foot, your monthly lease amount is $1,130.
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Know your needs. Review renting considerations. Understand terms of lease. Identify need(s) to fit out space. Estimate outgoings and operating expenses. Set a realistic and convenient time frame. Take note of the little things. Maximise on your rights.
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