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What type of leases are the most common for office?

Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance.

Can a landlord lock out a commercial tenant in Michigan?

The anti-lockout statute, MCL 600.2918, prevents a landlord from unlawfully interfering with a tenant's possessory interest in the property without a court order including changing, altering, or adding to the locks without immediately providing keys to the tenant.

How do I evict a commercial tenant in Michigan?

Under Michigan law, before a court will issue an Order of Eviction, a landlord must serve the tenant with a proper notice. After serving notice, a landlord must wait either 7 or 30 days, depending on the reason for an eviction, before seeking relief from a court.

What is the most common type of commercial lease?

Single Net Lease A net lease is perhaps the most common form of commercial lease agreement. With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property.

What is the most common type of commercial lease?

Single Net Lease A net lease is perhaps the most common form of commercial lease agreement. With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property.

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What is the normal term for a commercial lease?

How long is a typical commercial lease? Commercial leases are typically three to five years. That guarantees enough rental income for the landlords to recoup their investment.

Which type of lease is most common for retail property?

Percentage leases are most commonly used for retail properties (especially malls). In a percentage lease, tenants pay a base rent plus a portion of the gross sales they make from conducting business in the building.

Can a landlord evict you without a court order in Michigan?

Eviction is the legal process of making a tenant move out of a rental home. In Michigan, the law allows for faster access to court and a quicker resolution in an eviction case than a lawsuit would usually take. It's illegal for a landlord to evict you without going to court and getting an eviction order first.

What are typical clauses aspects of a commercial lease?

Here are some of the most important clauses in commercial lease agreements that tenants should know about: Term. ... Description of Premises Clause. ... Rent Escalation Clause. ... Use Clauses. ... Improvements and Alterations Clause. ... Insurance Clause. ... Renewal Clause.

How do I evict a commercial tenant in Michigan?

Under Michigan law, before a court will issue an Order of Eviction, a landlord must serve the tenant with a proper notice. After serving notice, a landlord must wait either 7 or 30 days, depending on the reason for an eviction, before seeking relief from a court.

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What type of leases are the most common for office?

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What is the most common type of commercial lease?

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What is the normal term for a commercial lease?

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