Sample commercial lease agreement PDF Form 2023

Sample commercial lease agreement PDF Form: What You Should Know

Properties Term Rental Period; The period of time (which may include renewals) over which the Lessor or Lessee may reasonably expect to receive consideration for the Lease in whole or in part. (1) The term of the lease, not to exceed: (A) Ten Years if the Leasing is for a one-family residence with an Occupancy Period of one (1) to four (4) Months; (B) From Six (6) Months (except for Tenancies in commercial buildings with an Occupancy Period of fourteen (14) months or more), to The Tenure of the Leasing. (C). The Lessor must obtain an approval form from the Director  of Small Business. (D). If the Leasing is for a one-family residence, the terms of the Leasing shall be for no less than three (3) months from the time of occupancy of the unit and every fourth (4th) renewal thereafter. (E). If the Lessor or Lessee leases a commercial space, the term of the Lease must be at least ten (10) calendar months from the time the Leasing is entered into, and every six (6) months thereafter. No less than twelve (12) calendar months, from the time the Leasing is entered into until the end of the tenancy. (F). An amendment or change (in any manner) in a term of the Lease that decreases a term by more than ten (10) calendar months shall be effective only during the same Tenure Period, and no less than one (1) month before the first Rent payment due thereon or in accordance with the terms of the agreement. (G). The landlord and tenant may agree (or the Lessor and Lessee may agree) to lease with an advance payment provision in advance of the term of the lease, provided such advance payment provision complies with the provisions of Article XVII hereof, but no such advance payment provision shall be permitted if it would permit an increase in the rental amount in excess of ten thousand dollars one hundred ten thousand dollars or more, except where a substantial reduction of the value of the property was involved. A waiver or modification of the provisions of this subparagraph (G) shall be effective for a period not over twelve (12) but not beyond thirty (30) calendar days following its effective date, and shall apply to the entire term of the lease. (H).

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