Industrial Lease Agreement

The tenant is required to pay the rent plus the tenant`s share of the increases in insurance charges and property taxes over the base year indicated in the rental agreement. The manager mandated by the agreement shall be responsible for the overall management of the industrial park in accordance with the agreement. Unlike a residential lease, a commercial lease assumes that the property is used for commercial purposes and not for residential purposes. The property that is rented can be a simple office, an entire building, an independent retail business, a new restaurant, or even a large warehouse for industrial use such as a production plant or a self-storage establishment. If the property for rent is part of a larger building, the owner may address particular concerns and obligations regarding common areas such as car parks or lobbying areas. The landlord is not responsible for the loss, theft or deterioration of items stored by the tenant. The process of renting commercial space depends on the type of property such as office, retail or industry. All types of buildings are generally marketed as prices per square foot ($/SF). Each property is unique and so it can be difficult to find a suitable price…