A tenancy period is the amount of time designated on a lease agreement for real property. It is this duration of time that the lessee owes money and the time for which the lessor gives up possession of the property. The following are the most common tenancy periods utilized in lease agreements for residential or commercial property:
Commercial leases are very complex agreements with every provision open for negotiation. A real estate attorney will be able to provide you with the legal information you need and inform you of the type of tenancy is best for your business needs. A real estate attorney will also protect your interests when negotiating your commercial lease to ensure that the lease is the best lease possible for your business needs.
Last Modified: 03-16-2016 03:16 PM PDTLaw Library Disclaimer
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