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HOW IT WORKS
How it works
You've found the perfect commercial space for your business, hashed out the terms, and it's time to sign an Office Space Lease. Renting out a commercial space can be big business, so you'll want ensure a smooth start to your landlord-tenant relationship by drawing up well-written Office Space Lease.
An Office Space Lease is a vital financial document for both parties. It's important to put everything on the table from the get-go. As a tenant, you want to make sure you are getting a fair deal, and are protected from any unpleasant surprises. Owners and managers want to ensure they are getting a return on their property, and that the tenant is reliable. You need to nail down the basics, like the amount of rent, due date, and length of the lease. You'll also want to lay how the tenant will use the space - and any prohibited uses. If you're the new tenant, you need to get any agreed-upon repairs in writing. Does the space include curtains, furniture, or other furnishings? Parking Spaces? Storage? Will the tenant be required to carry liability insurance? Will the lease renew automatically? These are all important things to get in writing before you sign an Office Space Lease. Leases are the lynchpin of any commercial real estate deal.
Other names for this document: Office Space Lease Agreement, Commercial Office Space Lease
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