If you have ever rented an apartment, you are probably familiar with the standard lease process for residential units, but what about commercial leases? If you are interested in leasing a commercial building for your company, there are many different nuances in these types of contracts.
A commercial lease legally binds a landlord and business tenant. A commercial lease should include the following:
- The names of the parties that are signing
- A legal description of the property
- The property type
- The square footage of the rented area
- The terms of the tenancy
- Tenant renewal options
- The base rent and how often it is paid
- The security deposit, collection date, and amount
- Activities that can and cannot occur on the premises
- Conditions of who makes any improvements
- The fixtures included in the lease
When you need assistance with your commercial real estate in Ponte Vedra, look to the experts at Baron Bartlett, P.A. We will help you with all of your commercial real estate needs so you can ensure you are making the best decision for your business’s future. Reach out to us today at (904) 285-9993 to schedule a consultation with one of our highly experienced lawyers. You can also send us an email through our contact page.