WebThis lease form is extremely pro-tenant in orientation. It contains zoning warranties by the landlord for the premises, a right of first refusal, a purchase option for the tenant, a radius clause prohibiting competing restaurants, and a tenant only right of termination. Number of Single Spaced Pages: 13. More Information About This Product >. WebThe “base” Guaranty consists of a full Guaranty of a Tenant’s obligations under a commercial lease (the “Lease”), to be signed at the same time as the Lease. The “base” Guaranty contains a reasonable set of Guarantor waivers—though one can always add more, such as from the optional provisions after the “base” Guaranty.
Commercial Lease Provisions That Tenants Need To Know
Web17 Sep 2024 · Holding Over – Most landlord leases provide at least 150 percent of base rent due to the landlord in the event of a tenant holding over. Negotiate down to 125 percent of the then existing base rent, which is fair and reasonable. Be careful with language providing for consequential damages. Web12 Jun 2024 · Section 1179 of the Cal. Civ. Code. Section 1179 allows the court to grant “relief from forfeiture” if the tenant: (1) pays all past rent owed or cures its breach of the lease covenants; and (2) convinces the court that it will suffer a “hardship” if it is not restored to its prior tenancy. [1] text heather
Lease Language CCIM Institute
Web6 Apr 2024 · The lease’s force majeure provision is a fairly typical example found in most commercial leases, and defines a force majeure event to mean “a strike or other labor … WebClauses to deal with environmental liability in leases (including liability for contaminated land under Part 2A of the Environmental Protection Act 1990), including wording for the sold with information and payment for remediation tests, and for agreements on liabilities. Web15 Mar 2024 · Tenant’s self-help right if landlord fails to timely perform its repair/maintenance obligations (this is a tenant-friendly clause) Waiver of Civil Code sections 1941–1942 (this is a landlord-friendly clause) Effect of Other Lease Provisions. Self-Help Rights Provisions. swpush angular example