Commercial Rental Agreements

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MANHATTAN OFFICE SPACE

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Commercial Rental Agreements
This is a legal document that is a contract
signed when leasing rental property to be used as
an office space, factory, retail store, etc. It
represents an agreement between the business or
person who owns the property and the one who is
renting the commercial property. In the
contract, it will state the way that the one who
is renting the property, the tenant, can use it
and how much monthly rent is. It will also
include the responsibilities and rights of the
tenant and property owner, the landlord. In the
contract, it may also state which party is
responsible for the grounds upkeep around the
property.
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Commercial Rental Agreements
The commercial rental agreement is written or
printed out so that each one of these agreements
is specific to that particular commercial
property unlike residential rental agreements.
When renting residential property many times the
leasing agreement is done using a standard
pre-printed form that the property owner fills
out using the pertinent information of the new
tenant. A commercial rental agreement varies
with each type of property so it is advisable
that before you sign the contract you review it
very carefully. It might be a good idea to let
an attorney look over the contract and answer any
questions you might have.
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Commercial Rental Agreements
In a commercial rental agreement, there are some
factors that are considered a critical part of
the contract. One example is that the contract
should list what the terms of the lease is, which
means that it should state when it begins and
when it ends. It should also include what would
happen if the tenant wants to end the commercial
lease early such as penalties for early
termination of the contract. The terms of the
rent are another critical factor. It should list
what the security deposit will be, what each
months rent is, and how much is needed to be
paid at the signing of the contract. It should
also state how and where the payments are to be
made and the date the payment is due. It should
also state in the contract that amount that will
be charged for late payments, if there is a grace
period and if so how many days, and what will be
charged if the check bounces.
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Commercial Rental Agreements
It should also state in the commercial real
estate agreement what type of insurance should be
carried on the property, who is responsible for
the maintenance of the property, and who pays for
it if something major like the heating or air
conditioning goes out. The size of the space and
if modifications can be made should also be
stated in the agreement. These are just some of
the many items that may be in a commercial rental
agreement.
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Commercial Rental Agreements
Manhattan Office Space are the leaders in
Manhattan office space rental. In case you are a
doctor or a medical company looking to find
non-profit office Manhattan then do give them a
call at [phone] and ask for James.
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MANHATTAN OFFICE SPACE
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