Sunday, December 7, 2008

LEASING COMMERCIAL SPACE AS A TENANT: PART TWO

CLEARLY DESCRIBE THE SPACE YOU WANT TO RENT

Make sure the lease clearly describes the space you want to rent. A drawing with dimensions is an excellent way to do this; make it an attachment to the lease. This or another drawing should show the location of the space within the building that contains it, your exclusive or non exclusive parking area(s), where your large trash containers are to be kept, and any other areas of importance (e.g. storage areas). A legal description of the premises or the building in which it is located is also important. In addition, clarify which areas are included in your premises for your use and for rent calculation purposes, such as hallways, bathrooms, and mechanical areas, and which areas are “common areas” for use by all tenants.

No comments:

Loading...