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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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Which clause in a commercial lease determines how the tenant may use the space?

A use clause limits how youll use the rented space. The limitations can be as broad as what business youll conduct there, as narrow as what specific services or products youll offer, or as nebulous as the quality level of your operation.

How can I use the word rent for free?

rent-free | Business English without having to pay rent: He found a place where he could live rent-free for six months. The complex has extensive rent-free periods in many cases.

Does a lease have to be in writing South Africa?

It is not a requirement for the lease agreement to be in writing. However, it is important to get it in writing as a verbal lease agreement may be difficult to prove if there is a dispute about it.

What is a lease expansion?

The expansion clause in commercial leases is a negotiable agreement between the landlord and tenant that permits the tenant an equitable right to expand within the building or property they are being leased.

What lease increases at specific intervals?

What Is a Graduated Lease? A graduated lease is an agreement under which a tenant and landlord agree to a periodic adjustment of monthly payments. For example, the agreement may reflect an increase in the tenants payments due to market conditions or an increase in the value of the leased property.

Is free rent an expense?

Periods of free rent, rent abatements, and escalating payments are all factored into a straight-line rent expense calculation. For lease payments that escalate due to the tenant gaining access to additional assets, the expense will be recognized in proportion to the additional leased property.

Does Google Docs have a lease agreement template?

Does Google Docs have a lease agreement template? With our website, you can have an effective rental agreement and easily hand it out to your new tenants confidently simply by downloading our Rental Agreement Template in Google Docs.

What are the 3 most important clauses you should look for in a lease?

10 Important Rental Lease Clauses to Include Rent Liability. This clause states that tenants are jointly and severally liable for the full rent amount. Severability Clause. Access to Premises. Use of Premises. Holding Over. Sublet Rules. Disturbance Clause. Lessee to Maintain.

How do you use rent-free in a sentence?

Examples of rent-free in a sentence They refused work opportunities and prefer to live rent-free. There are schemes that allow people to live in a rent-free room with all bills paid. And many new signings live rent-free while looking for accommodation. An added advantage was that he could live there rent-free.

What are 5 things that should be included in a lease?

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.

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