8 Tips on Writing an Airtight Office Lease Agreement
As you write your office’s lease agreement, here are 8 tips to help you create an airtight document that will protect you and your property.
1. Know the law in the Office Lease Agreement.
Each District (and a number of cities) has different laws regarding the management of property, and rights of office owners and office tenants. Familiarize yourself with these laws before writing your office lease agreement. This will assist you in knowing exactly what you can and cannot put into an agreement.
2. Make it clear.
Confusing terms and a poorly written agreement can be misinterpreted, and may not hold up in court. Put your stipulations in easy-to-understand terminology, and explain anything that might be misconstrued.
3. Provide confirmation of the condition of the unit.
The lease should recite that the unit being leased is in good condition without damage or problems.
4. Office Lease Agreement is the Right of entry.
Each District requires a specific amount of notice before a office owners may legally enter a rented dwelling. The normal amount of time is 24 hours. Check the laws before including this in the agreement.
5. Spell out what will happen to the security deposit.
If you require your office tenants to pay a deposit against damages, you’ll need to specifically state what is considered “damage” to the office.
6. Clearly state the amount of rent and deposits.
Include the amount you will be charging for rent and any deposit amounts in your office rental agreement. State when the rent is due and when it is considered late. This will help prevent misunderstandings and give you legal recourse if the tenant is continually late.
7. Repairs and what you will and will not cover for Office Lease Agreement.
As an office owner, it is your responsibility to provide repairs for fixtures and included appliances. However, in the lease, you can designate certain maintenance responsibilities on the part of the tenant. You can also hold the tenant responsible for repairs needed due to his or her negligence or wrongful acts.
8. State what will happen if the lease agreement is breached by the tenant.
For example, if the tenant breaks the code of conduct or does not pay his or her rent on time, you can state that the landlord will have the right to terminate the lease and evict the tenant.
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