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SMS Commercial Lease Agreement Template

SMS Commercial Lease Agreement Template

Aug 6th, 2022

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How to SMS Commercial Lease Agreement Template

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A commercial lease agreement is a contract between a landlord and a tenant for renting office or industrial space, typically spanning three to five years, with options for renewal. Commercial leases are usually longer than residential ones and may or may not allocate occupancy and operational expenses. Generally, landlords expect tenants to cover some of these costs. There are two main types of commercial leases: a gross lease, where expenses are included in the base rent, meaning no additional rent is paid, and a net lease, where tenants pay the agreed rent plus real estate taxes, insurance, and maintenance costs. Lease terms can vary based on state and local laws.

Got questions?

Here 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.

How do you draw up a commercial lease agreement?

What to include in a commercial tenancy agreement Details around the terms of the agreement. Use of the property. The landlords responsibilities. The tenants responsibilities. Rent amount and payment method. Guidance on breaking or renewing the contract. Provisions based on the nature of the property or business.

How much can commercial rent increase in BC?

The B.C. government has announced 2.0% as the maximum allowable rent increase for 2023. The allowable increase is typically calculated based on a set formula tied to the 12-month average percent change in the All-Items Consumer Price Index for B.C. ending in July of the previous year.

Can you evict a commercial tenant in BC?

Unless the lease requires the landlord to give the tenant notice, the landlord may be able to terminate the lease and evict the tenant if the tenant does not pay the rent on time.

What is the difference between lease and rent?

Leasing vs. renting. The main difference between a lease and rent agreement is the period of time they cover. A rental agreement tends to cover a short termusually 30 dayswhile a lease contract is applied to long periodsusually 12 months, although 6 and 18-month contracts are also common.

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