A commercial office lease can be a complex document to navigate. There are many lease terms in a commercial lease agreement that can greatly impact on the tenant’s business. Of course, lease terms like operating expenses and rental rate are usually easy to understand. However, commercial office lease agreements can become very complex. In this […]
Most commercial real estate leases have an option to extend the lease once the initial lease term expires. This clause in the lease allows the tenant to decide if they want to continue renting the commercial space. However, as a landlord, it’s good to remember that in most cases, a lease renewal option favors the […]
Commercial lease agreements are complex legal documents that are important to understand properly. Of course, every lease agreement will include simple items like the length of the lease, amount of rent, operating expenses. One thing that it is important to know about commercial property leases is that there is no one “standard” document. Before signing […]
A lease for commercial office or storage space is usually a complex contract. Most commercial leases allow for common areas to be included in the lease agreement. This helps to cover maintenance and cleaning in shared areas like corridors, communal restrooms, and entrance ways. However, depending on the type of commercial property that you manage, […]
Many small business owners in Calgary lease their commercial space. A lease is a contract which should not be taken lightly. You should be familiar with the lease terminology to better understand what you are signing. Here are some of the key terms to help you familiarize yourself when reviewing a commercial lease. Parties Most […]