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Non residential lease agreement 2025

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The document outlines a non-residential lease agreement between the South Bethlehem Neighborhood Center (Lessor) and the City of Bethlehem (Lessee) for specific properties in Bethlehem, Pennsylvania. It details the terms of the lease, including rental payments, responsibilities for maintenance and utilities, insurance requirements, and conditions for termination. Additionally, it includes provisions regarding potential purchase options for the Lessee and various legal notices related to property use and environmental considerations.

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Click ‘Get Form’ to open the non-residential lease agreement in the editor.
Begin by entering the date of the agreement at the top of the form. This is crucial for establishing the timeline of your lease.
Fill in the names and contact information for both Lessor and Lessee. Ensure accuracy as this identifies all parties involved.
In the property section, specify the address and details of the premises being leased. Include any relevant parcel numbers.
Detail the rental terms, including total rental amount, payment frequency (monthly or otherwise), and any advance payments required.
Complete sections regarding utilities and services, indicating who is responsible for each service during the lease term.
Review special clauses carefully, ensuring that both parties understand their rights and obligations under this lease.
Finally, ensure all parties sign and date where indicated to finalize the agreement. Use our platform’s signing feature for convenience.

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What is the minimum term for a commercial lease?

Most commercial leases typically have fixed terms between 1 and 25 years, with 1 to 3 years being the most common. The term is agreed upon between the landlord and tenant before entering into the lease.

What is the difference between NNN and TMI?

The TMI includes property tax, maintenance and insurance. In a NNN (triplet net) lease, the landlord is only responsible for the structural repair and the general maintenance is the responsibility of the tenants. The tenants also pay for the property tax and property insurance.

What is the difference between CAM and NNN?

Distinction Between NNN and Other Lease Agreements A Triple Net Lease (NNN) places the responsibility for property expenses on the tenant. This includes common area maintenance (CAM), property taxes, and insurance. In contrast, a Gross Lease includes these costs in a single rent payment, making it simpler for tenants.

What is the most common lease term?

If youre wondering what is the most common type of residential lease, the answer is the fixed-term lease. This lease type locks in tenants for a set period, typically 12 months, giving landlords predictable rental income and financial security.

What is the most common commercial lease agreement?

Triple-Net Lease Triple-net leases are one of the most common types of commercial leases. Triple-net leases are beneficial for tenants as they allow them to pay their fair share of building expenses, and depending on individual usage, some tenants can save on costs compared to a gross lease.

pa commercial lease agreement

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What is the most popular commercial lease?

The most common types include Full Repairing and Insuring Lease (FRI) lease, Gross Lease, Net Lease and Percentage Lease.

What is the best commercial lease for a tenant?

Compare Commercial Lease Agreements Gross leases tend to benefit the tenant, whereas net leases are more landlord friendly. In a gross lease, the tenant has more control over how much is spent on such expenses as janitorial services and utilities.

What is a non-housing act tenancy agreement?

Non-Housing Act agreements are the other tenancy types that are often used within the private rented sector. Although these agreements apply to a variety of situations, one of the most common examples is a Company Let Tenancy Agreement.