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How to Blackout Commercial Lease Application

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This video tutorial provides an overview of commercial leases, simplifying common jargon associated with them. It covers essential lease structures, significant lease clauses, and typical delivery conditions. Viewers will not master all aspects of commercial leases, but will gain a foundational understanding. One key structure discussed is the triple net lease, where tenants pay base rent plus three additional costs: property taxes, building insurance, and common area maintenance. In this lease type, tenants are responsible for all property-related expenses, while the landlord retains ownership. The tutorial aims to equip viewers with enough knowledge to navigate commercial leasing effectively.

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What does dark tenant mean?

The tenants right to cease operations at its leased space while the tenant continues to pay rent. A go dark clause is commonly negotiated in retail leases. The right to go dark provides tenants with maximum flexibility, which is especially important for large national retail tenants.

How much notice does a landlord have to give when selling the property 2022?

4 weeks notice if the tenant has lived in the property for less than 10 years. 12 weeks notice if the tenant has lived in the property for more than 10 years.

What makes a lease null and void South Africa?

A lease agreement terminates on its expiry date or when it is cancelled by notice in the event of bdocHub, death or insolvency.

What is a blackout period in commercial lease?

Introducing a blackout period ensures that the landlord cannot exercise its redevelopment right until a certain amount of time has passed often, this can be as much as ten years.

What does blackout dates mean work?

Whats a vacation blackout? Vacation blackouts are a block of dates during which employees cannot schedule time off due to an expected increase in traffic (i.e., during the holidays) or special event (i.e., the iPhone rollout), and are common in retail and other industries that thrive on seasonal volume.

Under what circumstances a leasing company may be terminated?

Circumstances of Termination A lease may terminate because the term of the lease has expired. A tenancy without a fixed term, typically, for successive periods may be terminated by notice by either party. The lease may terminate by reason of the non-payment of rent or bdocHub of obligation by the tenant.

What is a blackout period in a lease?

Blackout dates are specific dates in which vacation rental homeowners dont accept any reservations, as they want to use the property themselves or allow friends or family to stay at the property free of charge.

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Blackout Commercial Lease Application