The tenant also has the right, without the landlord`s consent, to transfer this tenancy agreement to a company with which the tenant can merge with a subsidiary under joint control with the tenant or purchaser, for the most part of all the tenant`s assets. Unless otherwise stated, the tenant cannot sublet all or part of the renters or give up all or part of that tenancy without the consent of the lessor, without that consent being improperly withheld or delayed. ☐ landlord grants the tenant the non-exclusive right to use, like all other tenants or occupants of the property, the common area of the property. The term „common space“ refers to all surfaces and improvements to the property that are not rented or leased to tenants. The Common Area is subject to the exclusive control and management of the lessor at all times, and the lessor has from time to time the right to change the sizes, locations, shapes and arrangements of the common space; Limit parking by tenants and other tenants to designated areas to do and carry out such other acts in and in the common space and to adopt, modify and enforce these rules and requirements, as the lessor deems appropriate at his sole discretion. The owner must maintain the common area in good condition and reasonably free of dirt. B) Subordination. The tenant undertakes, at the request of the lessor, to subordinate this contract to any mortgage placed on the denied premises or on the property or on one or more of them by the lessor, provided that the holder of such a mortgage enters into a contract with the tenant, which is mandatory for the successors and parties to the assignment of the parties by which the holder undertakes not to disturb the property. , peaceful and peaceful enjoyment and other rights of the tenant under this agreement. In addition, as long as the tenants continue to fulfil its obligations under this contract, in the event of the owner`s acquisition of the property through foreclosure procedures or other landlords, he undertakes to accept the tenants as tenants of the premises denied under the terms of this agreement and to fulfil the obligations of the lessor under that agreement (but only as the owner of the demerited premises) , and tenant undertakes, this owner or any other person who has acquired ownership of the denied premises as a lessor. The parties agree to execute and provide all appropriate instruments necessary for the implementation of the agreements attached to them. A commercial tenancy agreement is a formal document between a landlord and a tenant to rent commercial real estate.
If the tenant plans to operate a store on the landlord`s site, this agreement allows both parties to formalize the lease and their relationship through a legally recognized document. American`s with Disability Act (42 U.S. Code 12183) – Also known as „ADA,“ requires all commercial tenants who provide „public housing“ (e.g. B restaurant, retail store, etc.) or at least fifteen (15) employees comply with all rules for access to persons with disabilities. This rule is only provided for real estate that has not been built or renovated since 1992. ☐ taxes are included in the rent, including any property tax increases. In the event that, in the course of a year of this agreement, an increase in property taxes exceeds the amount of these taxes, estimated for the fiscal year in which the duration of the agreement begins, whether as a result of an increased tax rate, an assessment or otherwise, the tenant must pay the lessor, upon presentation of paid tax bills. , an amount equivalent to the increase in taxes on real estate and real estate. , proportional or designated on which the demerited property is located.