1940 Commercial lease, retail, 8-12 2012 by blumbergexcelsior, Inc., publisher, nyc 10013 .blumberg.com commercial lease 1. Parties. this rental contract is made from 20 years between (name and address of the landlord) (the landlord) and (name and… ☐ landlord accepts that for the duration of the agreement, tenants have the right to store personal property in the [Description of Storage Facilities] at their own risk. The landlord is not responsible for the loss, theft or damage of objects that are stored by the tenant. ☐ are not included in the base rent. From the date of entry into force, the tenant agrees to pay the lessor`s share in the operating costs. The customer`s initial monthly estimate for operating costs is – per month. For the purposes of this agreement, the tenant`s proportionate share of operating costs – of the total cost of the operation – may not exceed a given month.
The proportional share of the tenant is determined by the division of the number or laudable square meters in the premises denied by the total number of rentable square meters in the property rented or available for rent during the year. “Operating costs” include the total cost and costs of management, insurance, equipment, lighting, repair, maintenance and monitoring of real estate property, including outdoor spaces in real estate and community space, including, but not only, expenses for insurance premiums and deductibles, management and accounting costs. , as well as an annual supplement of -1% per year for the operating costs of a reserve fund for repairs, replacements and renovations. At each basic monthly rent, the tenant must pay an estimate of the tenant`s share of the operating costs. These monthly estimates are based on actual operating costs from the previous year. On an annual basis, the lessor must reconcile the tenant`s payments with the actual operating costs. In the event that the tenant`s payments are less than his share in the actual operating costs, the tenant must pay this default within days of the landlord`s request. If the tenant exceeds the payments of his share in the actual operating costs, the lessor applies the overpayment to the following monthly estimate. You`ve found the perfect commercial space for your business, decheing the conditions, and it`s time to sign an Office space rental. Renting a commercial area can be a big deal, which is why you want to ensure a smooth start in your rental-tenant relationship by creating a well-written office space rental.