Building Better Leases

Delay in Possession refers to the rights and duties of the Parties if the leased property is not delivered to the Tenant on the Commencement Date of the lease. This term protects the Landlord from...

There are lots of leases out there state the length of the lease by numbers of months, months 1-12, 13-24, etc, year 1, year 2, etc. The best case scenario is when the term of the lease and rental...

Many tenants put obtaining insurance low on the list of priorities when moving into a new building. The Lessee Compliance ensures that tenants are in fact covered by insurance. The Lessor can...

Severability The Severability clause refers to a provision that describes the effect that an unenforceable part of a contract will have on an agreement. Generally speaking, Leases are regularly...

This section of the Lease refers to the relationship that the Lessor and Lessee have with the Brokers. As long as it does not contradict the affirmative duties described, an agent is not obligated...

A holdover tenant refers to a renter who remains in a property after the expiration of the lease. If the Landlord continues to accept rent payments, the holdover tenant can continue to legally...

Covenants and Conditions; Construction of Agreement A Covenant refers to a promise or agreement to do something whereas a Condition is a contingency that must be met, otherwise a particular property...

Subordination Subordination refers to the order of priority in the enforcement of rights. In other words, in this section, the pre-existing financing and/or modifications or extensions take...

In the event of a lawsuit, the losing Party is required to reimburse the Prevailing Party for all attorney fees that are reasonable incurred. Regardless if it’s necessary or not to file a lawsuit,...

If the Lessor needs to show the Premises to prospective buyers or tenants or needs to make repairs and improvements, then they must provide a reasonable notice before accessing the Premises. If...