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 […]
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, […]
The commercial tenancy act was designed to protect both the right of commercial property landlords and tenants. It also let each party know their obligations in any lease agreement. In short, the commercial tenancy act allows landlords to serve written notice to tenants who fail to fulfill their lease agreements. Landlords then have the right […]
If you are planning to lease a commercial property, it is very important that you know how to screen commercial tenants. The tenants that rent your commercial real estate, or part of your property will have a big impact on the success of your investment. You need to have reliable tenants who will pay their […]
Before you sign a commercial lease, it is always important to be prepared to ask a number of questions. As a business owner, you need to know exactly where you stand at the very start of a property lease. After all, your business will depend on how well the property functions for you. Here are […]
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 […]