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A Massachusetts commercial lease agreement is for landlords of retail, office, or industrial property to bind a business tenant to a rental contract (usually one (1) to five (5) years in duration). The landlord will typically prepare the space to the tenant’s specifications. Therefore, a long-term arrangement with a background check (through a rental application) is advised. For more information, read the online Commercial Leasing Basics guide provided by State government. There are three main ways to structure this type…
An Illinois sublease agreement is typical among individuals looking to lessen the monthly cost of their rent and share their rent and living space with another individual (called the “sublessee”). However, the agreement may also be for the sublessee to rent the entire space from the original tenant (called the “sublessor”). It is recommended that the sublessor inform the landlord of the new sublessee(s) on the property to avoid any confusion and to ensure that the master lease remains valid….
The Maryland sublease agreement differs from other rental agreements as it is the only one where a current tenant decides to rent space they have under lease. This agreement may be for the rental of the entire leased space or to share a portion of the unit. The original tenant (the “sublessor”) is solely responsible for all payments and damages to the property through their contract with the landlord. Therefore, the sublessor is encouraged to only accept an individual who…
The North Carolina standard residential lease agreement is used to bind a landlord and tenant to a rental arrangement where the tenant pays for the use of livable space. This form is structured around a one (1) year term with payments made to the landlord every month. For the document to go into effect, both parties will have to agree to the terms of the contract such as the length of the lease term, rent due date, monthly rent cost,…
A Tennessee commercial lease agreement is a document that is negotiated between a property owner of retail, office, or industrial space and a business tenant acting as an individual or entity. Before an agreement is presented, the property owner/manager will check the background of the business to make sure they are in good standing. Once the entity has been vetted, the parties must come to an agreement regarding rent payment (payment amount and date), utilities and other expenses, landlord and…