Maintenance and Repairs During Your Commercial Tenancy
The landlord’s lease will usually include a “Maintenance and Repair” clause that concerns your duties to care for your own rented space (or for the entire building, if you are the sole tenant).
Landlord Rights to Enter Tenant's Commercial Rental Space
You’ll continue to interact with the landlord, who may be a hands-on type whom you’ll often see in the building, or one who stays totally in the background, relying on a manager to handle the daily details.
Percentage rent—a portion of a retail tenant’s profits—is often charged to shopping center or strip mall tenants. Understanding how this works, and how to negotiate for a good formula, will be critical to your success.
Expansion Rights in Commercial Leases
Many businesses start small but grow, needing additional space. When you negotiate your lease, plan now for that happy event—negotiate an expansion clause, and structure it so that it gives you both certainty as to the rent, and flexibility as to when and how you may exercise the right to expand.
Contraction Rights (Options to Lease Less) in Commercial Leases
Since it’s not always easy to anticipate future business needs, you’ll want to build in flexibility when negotiating a lease with your landlord.
Alterations and Improvements in a Commercial Tenancy
After you’ve moved in, you may want to improve or alter your commercial space. The key to a good lease clause covering mid-lease improvements is to separate minor improvements (those that do not need the landlord’s approval) from major work, which the landlord will rightly want to know about and approve ahead of time
Sublet and Assignment Clauses in Commercial Leases
When you’re looking for commercial space, you’ll be asking for just the right amount of square footage, for the time period you expect to remain in that location.