Agreement Template / December 1, 2018 / Karin Higgins
Lease agreement is generally a long term rental contract lasting for 5-10 years depending on the mutual terms and conditions between the tenant and the landlord. There are different types of template based on whether the property is residential or commercial. Although there are many elements that are same for both residential and commercial property there are few differences that set the two lease agreement apart. It is therefore important to guarantee that right agreement template is selected to protect the interest of the property and avoid any dispute whatsoever in the future. Commercial lease are often longer compared to a residential lease and will list down several people that may include the landlords the investors the tenants and any other person who has a stake in the property.
Unless you are in a college dorm or you lost a significant amount of your income Landlords are hard pressed to allow something like this to happen. In the event you are the Sub-Lessor you are still liable for your lease with the Landlord if the Sub-Lessee fails to pay rent or breaches their lease in any way. Think of the last time you thought about entering into business with someone. Whether you were engaging a consultant hiring an employee sharing your trade secrets with a vendor or providing your private data to a customer youve probably asked the other side to sign a confidentiality agreement protecting your most prized information (or theyve asked you to do so). But this kind of contract shouldnt be some simple hoop to jump through farmed out to your lawyers or contract managers without you paying close attention to the details.
All the terms and conditions of the lease should be spelled out very carefully. This lease is very prone to disputes in court. The more specific your terms and conditions are the less chance there will be a problem later. You can find a great number of commercial lease agreement templates both free and paid in many websites on the Internet. Make sure that you take a look at several templates before you choose one as it will give you a better idea of how your template should look. Do you need an employment agreement template? If so you should consider your online options. There are a few places online where you can get hold of an Employment Agreement Template. A template is going to save you considerable time and effort.