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The Colorado Month-to-Month Lease Agreement enables an arrangement between a lessee and a lessor wherein there is no lease termination date. Instead, the agreement renews every month, providing both parties with the ability to opt-out with comparatively short notice. This type of lease agreement is especially favorable for tenants who are not looking to reside at a location for the standard one (1) year term that one would be obliged to subscribe to in the usual residential lease agreement. Rent Increase (§…
A Michigan commercial lease agreement commits a landlord and a business tenant to a binding contract for retail, office, or industrial space. Property-related expenses will be paid by the landlord, the tenant, or split between both parties as defined in the lease. Every business should be reviewed through a rental application and verified with the Secretary of State’s online database. The term of a commercial lease is usually two (2) or three (3) years because the property owner will typically…
The Kentucky standard residential lease agreement focuses on a one (1) year term with monthly payments typically made on the first (1st) of every month. In order for the rental contract to go into effect, both the landlord and tenant must agree on terms and authorize the document with both their signatures. It is advised that the tenant complete a rental application before the landlord binds themselves into an agreement to ensure that the tenant’s financial and employment histories are satisfactory. Furthermore,…
The Arkansas month-to-month lease agreement is a contract between a tenant and landlord that renews every month so long as rent payment was delivered and both parties wish to extend the lease. Generally speaking, an agreement such as this is used when the tenant is looking for a temporary dwelling and doesn’t plan on living on the residence for a standard full-term (twelve months). For non-temporary living arrangements, a landlord or tenant should consider the Arkansas standard residential lease agreement. Maximum Termination…
A Maine commercial lease agreement can be used by property owners looking to allow a business tenant to occupy their office, industrial, or retail space. A commercial tenant can be either an individual or a business entity and the rental space will often be outfitted or prepared by the landlord in such a way as to suit the business’s operative needs. There are three (3) main ways to structure this type of arrangement: Gross – In which the tenant is…