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A law firm didn’t provide the landlord with timely notice of intent to exercise its renewal option when the lease expired. But it continued to occupy the space and pay rent ...
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.
Tenants may insist on the right to install special equipment on the roof of the building so they can operate their business within the space they lease from you. Among other things, reserve the right to make the tenant physically shield or screen the equipment so that it doesn’t create a public eyesore that mars your building’s image and appearance.
Standard HVAC provisions aren’t enough to protect you when tenants want to use split A/C units. We explain, and give you a Model Lease Clause you can adapt to your own circumstances.