When considering leasing a commercial property ie offices - who supplies and pays for the lease?
Answers:
Both parties should be part of the lease negotiation. The landlord usually has a standardized lease form that they use, then they fill in the blanks. But remember, the landlord's 'standard' form is going to be written more in their favor. A lease should protect both parties, the landlord and the tenant.
Leases, like sales contracts, are negotiable. So when the landlord offers you the lease, read it, take it to an attorney or someone who knows leases and have them read through it to make sure your interests are covered.
You'll want to watch for:
Price per square foot per year, divided by 12
ex: 10.00 X 2500 = $25,000 divided by 12 = $2,083.33 per month.
Then look for the 'term' of the lease
ex: 3 years or 5 years
Look for yearly increases and make sure they're reasonable.
Common area charges
Check any and all penalties if you're late
Eviction information if you don't pay
Check what happens to you if they sell the building. How will that affect your lease?
This is only a partial list of things to check. But it would be best to have a local, licensed professional help you with it.
Good luck!
The landlord supply's You pay.
If your asking questions like this ? Then should you really be going in to buisness yet..
I would Suggest more research by yourself.
This question doesn't even make sense. Of course the landlord decides the terms (some may be negotiable) so he draws up the lease. The tenant signs the lease, and of course the tenant pays for the lease.
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