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.
West Virginia Office Space Lease Agreement
State:
Multi-State
Control #:
US-00575
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Office Space Lease Agreement?
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FAQ
Landlords often ask new business tenants for a rent deposit, usually expressed as a sum equivalent to 3 or 6 months' rent. This money is held by the landlord in a designated account and can be drawn on if the tenant defaults in paying the rent or is otherwise in breach of covenant, causing the landlord expense.
6 Steps to Taking a Lease of a Commercial PropertyHeads of Terms agreed between parties/agents.Solicitors instructed.Lease drafted and title information prepared.Tenant's due diligence.Lease agreed and reporting.Lease completed.
What Is a Commercial Lease? A commercial lease grants you tenants' rights to a commercial property. It's a legally binding agreement made between a landlord (often the owner of the property) and a business tenant that outlines any terms and conditions you both must follow.
Allow six to eight weeks for a 'standard' lease transaction from receiving the heads of terms from the agents to actually signing.
A written lease agreement must contain:The names and addresses of both parties;The description of the property;The rental amount and reasonable escalation;The frequency of rental payments, i.e. monthly;The amount of the deposit;The lease period;The notice period for termination of contract;More items...
File a copy of the signed lease agreement with the Office of the County Registrar (known as the County Recorder or Deed Registry in some states) in the county where the rental property resides. The office may charge a nominal filing fee for registration, which you must pay at the time of filing.
The process of assignment of a lease is essentially selling the lease to a third party (the assignee). If you are a commercial property tenant, your contract likely contains a clause that allows you to assign your lease to a new tenant. To do this, you will need to find a potential new tenant yourself.
Details to be included in the rent agreementNames and addresses of the tenant and the landlord.Signatures of the tenant and the landlord.Monthly rental amount.Security deposit.Maintenance charges.Period of stay.Responsibilities/rights of the landlord.Responsibilities/rights of the tenant.
