Utah Commercial Lease Modification Agreement

State:
Multi-State
Control #:
US-OL18022
Format:
Word; 
PDF
Instant download

Description

This office lease agreement fully embodies the terms and conditions of the agreement between the parties for the modification [and extension] of the Lease. Any modification, rescission, termination, extension, or waiver of this agreement or any provision made shall not be valid or enforceable unless it is in a writing signed by all parties.

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FAQ

What are the steps in the lease extension process? Step 1 ? Inform the freeholder of your desire to extend the lease and that you will be pursuing the statutory route. ... Step 2 ? Appoint a lease extension solicitor with expertise in the field and who is a member of the Association of Lease Extension Practitioners (ALEP).

How do I evict a commercial tenant? Give notice to the tenant. This may be in the form of an Eviction Notice. ... Let the tenant respond. ... File a lawsuit to evict. ... Serve the tenant with the complaint. ... Schedule a court hearing. ... Go to court. ... Start the eviction.

At the end of the typical commercial lease, the typical tenant is required to leave the premises in ?broom swept? condition, reasonable wear and tear excepted, but most leases (and the law in California) also have various requirements as to ownership and removal of ?fixtures? installed on the premises by the tenant.

Typically, commercial leases last for five to 10 years, but depending on your circumstances, you may wish to negotiate a more favourable lease length. If you are on good terms with your landlord, they may be happy to agree a longer period or to be flexible around the duration of the lease.

An extension option is a term of a lease that allows the tenant to extend the previous term of the lease under the existing agreement. It would be burdensome if both the tenant and landlord had to construct and sign new agreements every year or each time the previous agreement expired.

In Utah, a tenant may be able to break their lease without incurring a penalty for any of the following reasons. Early Lease Termination Clause. Does your lease agreement have an early termination clause? ... Active Military Duty. ... Domestic Violence. ... Privacy Violation. ... Landlord Harassment. ... Warranty of Habitability.

Typically, a tenant is required to give written notice of their exercise of the option several months before the current term of the lease expires ? typically a period of time ending three to six months before expiration of the current term of occupancy.

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Utah Commercial Lease Modification Agreement