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10 Things to Look for in a Residential or Commercial Lease The parties and the property. Your lease will identify the landlord, the tenant, and the property, or premises."The length, or term," of the lease.Lease extensions or holdovers"The rent.Security deposit.Utilities.Pets.Other tenant rights and responsibilities.

Here are some of the most important items to cover in your lease or rental agreement. Names of all tenants.Limits on occupancy.Term of the tenancy.Rent.Deposits and fees.Repairs and maintenance.Entry to rental property.Restrictions on tenant illegal activity.

Landlords would most want to offer long-term leases when they expect stable or declining rents in the local area. Softer housing markets also increase the likelihood that, when the current tenant moves out, the apartment will sit vacant for longer; long-term leases offer landlords insurance against lost income.

A commercial lease is a form of legally binding contract made between a business tenant - your company - and a landlord. The lease gives you the right to use the property for business or commercial activity for a set period of time. In return for this, you will pay money to the landlord.

Things you Need to Know When Renting a Commercial Property in London Parking facilities. Delivery facilities. Local amenities. Transport links. Staff facilities. Furniture and equipment. The overall impression that the building gives. Internet amenities.

One-year leases are by far and large the most popular length for leases. They're good if you have high-quality tenants and an effective tenant screening process in place. In this case, year-long leases are good because it secures good tenants for a long period of time.

Start negotiations early Start negotiations as soon as you can so that you have time to arrange a Plan B if needed. For example, you might start negotiating two months before the end of a fixed-term lease to allow time to make other plans if you can't reach an agreement.