Everything You Need To Know About Commercial Property For Lease

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Everything You Need To Know About Commercial
Property For Lease
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• Investment in commercial property is highly
  profitable. The investor can expect a higher rate
  of return from commercial property than from
  residential property. Consequently, it is no
  surprise that the rules and regulations of
  leasing commercial property vary considerably
  from those of residential property. It is very
  important for a property owner to have a thorough
  understanding of the processes and conditions of
  commercial leasing before leasing out ones
  property to a tenant.

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Important Clauses Of Commercial Property

• 1. Parties This clause entitles the
  landlord as the lessor and the tenant as the
  lessee. Both parties are accurately and
  comprehensively defined in this clause.
• 2. Premises This clause describes the
  physical area of the commercial property for
  lease. The lessor has the right to define the
  area.

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Important Clauses Of Commercial Property

• 3. Use Clause This clause may or may not be
  used by the landlord to limit the ways in which
  the property can be used by the tenant.
• 4. Exclusive Clause This clause is in the
  form of a promise that nobody other the official
  tenant will be using the property for any purpose.

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Important Clauses Of Commercial Property

• 5. Term This clause defines the duration of
  the lease and states the starting and ending
  dates.
• 6. Rent This clause describes the monthly
  rent, the way it is being calculated and any
  provisions for future escalations.
• 7. Security Deposit This clause reveals the
  security deposit demanded by the landlord from
  the tenant to make provisions for any situation
  in which the tenant fails to pay the rent.

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  property for lease and madison management
• Connect us through http//madisonprop.com