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Hide Data to the Standard Residential Lease Agreement

Hide Data to the Standard Residential Lease Agreement

Aug 6th, 2022

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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.

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

Ten Terms To Include In Your Lease 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.

What is the purpose of a break clause in a commercial lease?

A break clause is a line in the lease that allows the landlord, tenant or both to end a lease early without facing a penalty. It includes an agreed date when the lease can be ended. To use a break clause, you must give the other party notice.

What is an example of exclusive use?

An exclusive use provision essentially allows a tenant to use its premises for an intended specific use (for example, as a restaurant, sale of electronics, or sale of mens and womens clothing), and restricts other tenants in the shopping center from using their premises for the same or a similar use.

What are the most important lease clauses?

The most important clause to landlords is the duty of the tenant to pay the rent in full and on time. This includes the right to charge a fee for damages if payment is late. Other important clauses grant the landlord the right to enforce the rules and regulations written into the lease.

What is the main benefit of an exclusivity clause in a commercial lease?

This Standard Clause imposes restrictions on the landlords ability to lease to other tenants in businesses that are the same as or competitive with the tenant. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.

What is an exclusive lease agreement?

An exclusive use clause is defined as a provision within a commercial lease agreement that prohibits a landlord from leasing to another tenant for the same business purpose as the existing tenant. Exclusive use clauses are most common in shopping centres, but can be included in any commercial lease agreement.

What is an example of exclusive use clause in a commercial lease?

Consider this provision: landlord shall not enter into a lease for premises within the shopping center with a tenant that will use its premises to sell coffee. This provision could certainly be interpreted to prevent any other tenant in the shopping center from serving coffee at all.

Which of the following is an example of constructive eviction?

Examples of conduct sufficient to constitute constructive eviction include severe insect infestations, preventing tenants from obtaining electricity, and failure to provide heating.

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