As with residential real estate, commercial tenants have the right to peacefully enjoy their real estate. Nevertheless, you may need to enter the premises to carry out repairs, authorize inspections or do other business. Let the tenant know that, if possible, you will provide a notification and indicate how you intend to do so. Indicate a method of notification if such notice is not possible. For example, you can place a clue on the door or send an email. Indicate the amount of the monthly, annual or semi-annual rent. Unlike residential leases, commercial leases are often for a much longer term, typically several years. As a result, you can increase the rent before the end of the rental period. Let the tenant know how and when you are going to do it.
For example, you can indicate that the rent is increasing by a certain percentage per year. Another possibility would be to list certain data on which the increase takes effect at the same time as the dollar amounts. If your commercial property is near a water source maintained by the Texas Water Code, you should consider a water fluctuation advisory. Water sources maintained by the Texas Water Code normally consist of artificial reservoirs or lakes containing 5,000 hectares of water or more. A communication on water fluctuations would inform tenants of the potential for flooding or water damage. It would also designate the waters concerned and their proximity to the land. Download a Texas Rental Lease Agreement to rent a building located in Texas to a tenant. Use the forms to set the ground rules for what a tenant can and cannot make payable, as well as to determine the consequences they will have if they leave the rent unpaid, if the unit is damaged and much more. The contract is concluded as soon as the tenant has researched the history of rent, crime and employment (with a lease application). If the landlord feels that he will make a quality tenant, he will design the lease and ask all tenants to sign it. Changing the agreement is not easy after signing, so it is recommended that the owner take their time and include all the sections the first time. Once you get started, you may want to negotiate a short-term lease.
If your needs change, will the short-term lease give you flexibility that you won`t be given for long-term leases? The short-term lease is also advantageous if you have to close the store or expand it to a larger area and the landlord does not allow subletting and allocations. Monthly rental agreement – Used rental of one property per month. The lease is automatically renewed one month after the tenant makes a payment. To terminate the contract, each party must give a period of at least thirty (30) days. A commercial real estate lease can have devastating financial consequences for both parties. As such, it is usually something that is very carefully watered and can even be checked by the lawyer of both parties. When leasing a commercial building built before 1973, the Environmental Protection Agency (EPA) requires property owners to submit a lead-based disclosure form. This form is provided by the EPO on its official website and cannot be changed.
Make sure that each tenant who signs the rental agreement receives a personal copy and provide an additional copy for the official company registrations. Note, however, that if all the terms of the lease are negotiable, your bargaining power depends on the state of the local rental market. . . .