Standard industrial/commercial multi-tenant lease - Mid City West ... - midcitywest 2025

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The document is a Standard Industrial/Commercial Multi-Tenant Lease agreement between Manochehr Nazarian (Lessor) and 7311 Restaurant Group, LLC (Lessee) for a commercial property located at 7311 Beverly Blvd, Los Angeles, California. The lease outlines the basic provisions including the premises description, term of ten years, base rent of $8,250 per month, and shared parking arrangements. It also includes clauses regarding modifications, legal compliance, and dispute resolution.
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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Parties' section, entering the names of the Lessor and Lessee as specified in the document.
  3. In the 'Premises' section, provide the address and a brief description of the property being leased, including square footage.
  4. Complete the 'Term' field by indicating the duration of the lease, including start and end dates.
  5. Fill in the 'Base Rent' amount along with any adjustments if applicable. Ensure to check if there are provisions for rent adjustments.
  6. Review sections regarding parking rights and common area operating expenses, ensuring accurate percentages are entered.
  7. Finalize by signing and dating where indicated, ensuring all parties have reviewed and consented to the terms outlined.

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Most leases define common areas as portions of the building or project that are available for use by all tenants or occupants on a non-exclusive basis. The lease often makes reference to specific shared spaces, such as lobbies, stairwells, corridors and entrance ways.
Industrial construction refers to the construction of a business that deals with manufacturing goods, like manufacturing plants, power plants, refineries, and solar wind farms. Commercial construction refers to constructing a business or venture to gain profit.
Commercial leases tend to be short-termusually anywhere from 1 to 5 yearswhile industrial ones tend to range from 5 to 20 years, depending on the agreement between landlord and tenant.
An industrial real estate lease is a rental agreement between a commercial space owner (landlord) and a business (tenant). These agreements typically come in three different forms: full-service leases, net leases and modified gross leases. Unlike residential leases, industrial real estate leases can be negotiable.
Commercial real estate typically involves the types of buildings most people know and use in daily life, such as offices and retail stores. Industrial real estate, on the other hand, typically involves properties where goods are made, stored and/or shipped.

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People also ask

3 Types of Commercial Real Estate Leases Gross Lease/Full Service Lease. In a gross lease, the tenants rent covers all property operating expenses. Net Lease. The net lease is a highly adjustable commercial real estate lease. Modified Gross Lease/Modified Net Lease.

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