This office lease form states that the Landlord shall not lease or sublease any other space in the building, during the term of the lease or any renewal to any party that can reasonably be deemed a competitor of Tenant.
California Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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FAQ
Build -Out: This happens when the space is already finished and may have been previously occupied by another tenant. The landlord may agree to remodel the unit ing to the needs of the tenant.
AB-1482 does not apply to commercial buildings.
Yes, California has specific regulations concerning rent increases for commercial tenants. The details may vary based on the location and type of commercial property. Generally, rent increases must be done in ance with the terms outlined in the lease agreement.
A second generation space is defined as someone who has lived in the space so another tenant has occupied the space, so a certain build out has been completed.
A shell space in real estate refers to a space that is bare on the inside. This can be a property of many different types: Industrial buildings, commercial offices, and even a residential apartment.
Commercial leases, particularly leases in retail shopping centers, often contain provisions (known as "use exclusives") that prevent the landlord from leasing space in the same mall, center, or area to a business that sells products or services similar to those sold by an existing tenant.
Examples of commercial property spaces include office buildings, residential duplexes, restaurants, or even a warehouse. If you can make money from leasing it out or holding it and reselling it, it can be classified as a commercial property.
What are the different types of commercial property? Offices. Retail ? retail stores, shopping centres, shops. Industrial ? warehouses, factories. Leisure ? hotels, pubs, restaurants, cafes, sport facilities. Healthcare ? medical centres, hospitals, nursing homes.
