A commercial landlord is someone who leases or rents commercial property to a tenant via a lease agreement. The landlord is bound by certain duties by law. These duties include performing all the terms of the commercial lease agreement.
Commercial landlord-tenant rights are decided upon during commercial lease negotiations. For example, whether the landlord or tenant is responsible for building repairs is negotiated during this time. Other terms decided during a commercial lease negotiation include:
A sublease is a contract between a tenant and another party to rent the space. The old tenant leaves and the new tenant takes all the rights and responsibilities of the old tenant. It is usually for a short time.
An assignment is like a sublease contract. The different is in the time limit. The new tenant assumes the right of the old tenant’s commercial lease.
Specific rights of a commercial landlord vary from state-by-state. However, there are some general rights all commercials landlords have. These rights include:
Obligations exists for both landlord and tenants regarding commercial leases. To learn more about commercial landlord rights, contact a real estate attorney. An attorney will guide you through negotiating a lease and any breach of contract disputes.
Last Modified: 04-12-2018 11:42 PM PDTLaw Library Disclaimer
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