10 Years Lease Agreement

2. Duration: This lease is for one year beginning with XX/XX/XXX and from month to month, with the possibility of signing another one-year contract after the expiry of another one-year contract. Tenants accept the extract if the owner decides to sell the property or use the property for personal use at any time after the one-year lease expires. In the case of such a situation, tenants have a minimum of 30 days` notice. 13. Legal construction: If, for whatever reason, one or more of the provisions of the lease are considered invalid, illegal or unenforceable, such a disability, illegality or inapplicability does not affect any other provision of that lease interpreted as having never included the invalid, illegal or unenforceable provision. Thank you for that. I was looking for a perfect lease for the apartments. I have a house where I lived for 12 years and I moved into my new apartment. I`m looking for rent, this example will help. Great to find oneciti.co.nz who has the same kind of wonderful tips if possible then visit. 3Non-Compete: The success of your business depends not only on your location, but also on the surrounding competition.

Of course, many tenants will have a non-compete clause in their tenancy agreement prohibiting the landlord from renting land to tenants with a similar store on the same site, but how many ensure that the same landlord does not rent to a similar store in other malls that he could own in the same neighborhood? You may not know it, but the same owner can own a mall across the street and decide to rent it out to a similar company. Will competition across the street hurt your business? It`ll be safe. Do your homework and make sure that the non-competition clause includes not only the mall where your seat is located, but also the mall within a 3 to 5 mile radius that the same owner may own. A commercial lease is used by a tenant to rent space for a business, while rent is used by a tenant to rent a house or premises where they can reside personally. Commercial leases are generally considered contracts between competent businessmen. As a result, tenants of commercial real estate are less protected by the state than tenants of dwellings.