A commercial lease defines expectations and obligations for both the owner and the tenant of the commercial space. It is a fundamental document that plays a key role in ensuring that the parties concerned are satisfied with the way the property is leased and maintained. As leases gradually evolve over time, it is always important to set certain ground rules for the use of the property and the restrictions that tenants must comply with. The agreement must define the extent of the duration of the lease, the amount of payment and the method to be followed, as well as the commitments and restrictions on the use of the property by the occupier. Fluctuations in the real estate market often require these leases to change over time, so the agreement ensures that tenants are well informed before the conditions are met. If the commercial real estate tenant operates a publicly accessible business and employs more than 15 people, the Americans with Disabilities Act (ADA) applies and requires that doors be widened or ramps installed. Does the landlord or tenant have to pay for these changes? Find out who is responsible for ADA compliance and make sure you remember your decision in writing. Before submitting the tenant`s tenancy agreement, be sure to seek legal advice from a real estate lawyer to determine if the terms you have set out in the agreement are enforceable. The lawyer may also advise you on terms to include or omit the lease in order to make it as explicit as possible.

In most cases, the lawyer can propose a number of provisions that are often found in rental models so that you can consider adding it. This will help manage how the lease should be interpreted if you and your tenant decide to settle the matter in court. Identify the property that must be covered by the agreement. These include the exact location of the rental space and a brief description that may affect the property or legal rights of the property. Don`t forget to correctly indicate both the landlord and the tenant protected by the agreement. The duration of the lease must be clearly stated in the document in accordance with your jurisdiction. Other important details that must be mentioned in the agreement are the rent payable and the date it is due, the amount of the surety or, if applicable, the costs, the consequences of the late payment and the provisions relating to the renewal or termination of the lease.