The Commercial Tenancy Agreement serves as the primary document governing the relationship between commercial property owners and their tenants in the United States. This agreement is essential when any business entity seeks to lease commercial space, whether for retail, office, or industrial use. It differs significantly from residential leases due to its complexity and the assumption that both parties have business experience and negotiating power. The agreement typically includes detailed provisions about property use, maintenance obligations, insurance requirements, and various business-specific terms that protect both parties' interests.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Context of the agreement and property description
3. Definitions: Key terms used throughout the agreement
4. Demise: The formal granting of the lease and its term
5. Rent and Other Payments: Rent amount, payment terms, and additional charges
6. Tenant Obligations: Core responsibilities of the tenant
7. Landlord Obligations: Core responsibilities of the landlord
8. Insurance: Required insurance coverage
9. Termination: Conditions for ending the lease
1. Break Clause: Optional provisions for early termination of the lease under specific circumstances
2. Assignment and Subletting: Optional provisions governing the tenant's rights to transfer or share the lease
3. Alterations: Optional provisions regarding tenant's rights to modify the property
4. Service Charge: Optional provisions for additional charges in multi-tenant buildings
1. Property Plan: Detailed floor plan and property boundaries
2. Inventory: List of fixtures and fittings included in the lease
3. Service Charge Schedule: Detailed breakdown of service charges and calculations
4. Building Rules: Specific regulations and requirements for the building
5. State-Specific Disclosures: Required legal notices and disclosures for the relevant jurisdiction
Relevant legal definitions
Demised Premises
Term
Commencement Date
Expiration Date
Base Rent
Additional Rent
Security Deposit
Permitted Use
Common Areas
Operating Expenses
Service Charges
Business Days
Force Majeure
Lease Year
Net Rentable Area
Substantial Completion
Building
Building Systems
Utilities
Property
Alterations
Fixtures
Trade Fixtures
Assignment
Sublease
Default
Insurance Requirements
Applicable Laws
Environmental Laws
Hazardous Materials
Real Estate Taxes
Improvements
Maintenance
Repairs
Working Hours
Term
Commencement Date
Expiration Date
Base Rent
Additional Rent
Security Deposit
Permitted Use
Common Areas
Operating Expenses
Service Charges
Business Days
Force Majeure
Lease Year
Net Rentable Area
Substantial Completion
Building
Building Systems
Utilities
Property
Alterations
Fixtures
Trade Fixtures
Assignment
Sublease
Default
Insurance Requirements
Applicable Laws
Environmental Laws
Hazardous Materials
Real Estate Taxes
Improvements
Maintenance
Repairs
Working Hours
Clauses
Demise
Term and Renewal
Rent and Payment
Security Deposit
Use of Premises
Insurance
Maintenance and Repairs
Utilities and Services
Alterations and Improvements
Assignment and Subletting
Default and Remedies
Quiet Enjoyment
Access and Inspection
Surrender of Premises
Force Majeure
Indemnification
Environmental Compliance
Health and Safety
Property Tax
Signage and Advertising
Common Areas
Operating Expenses
Damages and Destruction
Condemnation
Compliance with Laws
Subordination and Attornment
Notice Requirements
Early Termination
Holdover
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Waiver
Term and Renewal
Rent and Payment
Security Deposit
Use of Premises
Insurance
Maintenance and Repairs
Utilities and Services
Alterations and Improvements
Assignment and Subletting
Default and Remedies
Quiet Enjoyment
Access and Inspection
Surrender of Premises
Force Majeure
Indemnification
Environmental Compliance
Health and Safety
Property Tax
Signage and Advertising
Common Areas
Operating Expenses
Damages and Destruction
Condemnation
Compliance with Laws
Subordination and Attornment
Notice Requirements
Early Termination
Holdover
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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