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The cumulative percentage rent alternative is especially attractive when dealing with seasonal businesses and other tenants whose sales revenues fluctuate throughout the year. Here’s a briefing on the cumulative rent method and how to implement it, including a Model Lease Clause that you can adapt for your own use.
Denying a request to use an outside telecom provider may cause an attractive tenant not to sign or renew the lease. But granting the request may mean having to allow an outsider that you don’t know or trust enter and perform potentially extensive wiring and installation work on the building both...
The key is getting the tenant’s pre-agreement to representations. We explain how, and give you a Model Lease Clause that you can adapt for your own circumstances.
Don’t let loud, boisterous events interfere with the professional atmosphere you work so hard to cultivate. Our Model Lease Clause sets eight parameters for tenant receptions and other events at which a tenant’s use inside the space it leases may disturb or disrupt other tenants in the building, center, or facility.
Tenants that are strapped for cash may send a check covering only part of the rent due for that particular month. Such partial rent checks may create a major dilemma for landlords. On the one hand, partial payment is better than no payment at all. The problem is that by accepting a partial payment you may waive your right to collect the balance due. And because waivers are hard to undo, if you make a practice of cashing partial rent checks, you may even be granting the ...
High on the short list of game-changing amenities is common workspace and conference facilities. We’ll take a look at the concept, explain how to create a leasing strategy to implement it, and give you a Model Lease Clause incorporating 16 legal protections landlords that offer conference center amenities need.