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A fitness center with nearly four years left on its lease notified the landlord that it was abandoning the premises. You’d better start making mitigation efforts to relet the premises as soon as possible, the notice advised. But the landlord ignored the advice ...
A dry-cleaning tenant began paying reduced rent, starting in 2018. In August 2021, it terminated the lease and moved out. By this time, it owed the landlord about $200,000 in back rent. The landlord sued...
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.
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.