Checklist For Tenants To Ensure An Effective Commercial Lease Deed

1. Checklist For Tenants To Ensure An Effective Commercial Lease Deed Before signing a commercial lease agreement, it is important for tenants to make sure that it is effective and meets their needs. Following is a checklist to ensure an effective lease deed: Attention should be paid to correctly identify the parties in the agreement along with the premises that are the subject matter of lease agreement. 01 Identify Party & Premises The term of the lease and the date of its commencement is required to be unambiguously mentioned in the lease deed. 02 Terms & Commencement The mode of payment, the rate at which it will increase, due date, etc. must be clearly stated in the agreement. Any additional costs should also be mentioned. Rent & 03 Additional Costs Review the expenses and make sure that they are reasonable and related to building’s operations. They should be consistent with the lease agreement. 04 Expenses There is a need to specify clearly which party is responsible for what repairs and maintenance. Repairs & Maintenance Of Premises 05 www.johnreider.com John Reider Properties 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548 Phone: (254) 699 - 8300 Images Source: Designed by Freepik