This office lease clause lists a way to provide for variances between the rentable area of a "to be built" demised premises and the actual area after construction.
This office lease clause lists a way to provide for variances between the rentable area of a "to be built" demised premises and the actual area after construction.
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An escalator clause (also known as an escalation clause or a laddering clause) is a clause or provision in a lease or contract that allows pricing or wages to be adjusted to account for changing market conditions, such as inflation or tax fluctuations.
Use Clauses This clause defines how the tenant can and can't use the property they're leasing. The use clause may be very specific, so it's important that you read its terms carefully.
By default, a landlord who is seeking to evict a tenant must serve a notice that complies with the California Code of Civil Procedure §§ 1161 and 1162. These notice requirements cannot be changed or waived in the context of a residential lease.
Permitted Use Clause The use clause can be as wide as ?any use permitted by law? and as narrow as describing the how, where, and when of the specific services and/or products a tenant will be allowed to provide from the lease premises.
The ?Use of Premises? clause states a few rules about how the property is used. For one, it says the property should be for ?residential purposes only? and not for an at-home business.