New Mexico Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building: 1. Lease Term: Specify the duration of the lease agreement, including any renewal options or termination clauses. 2. Rent and Payment Terms: Outline the amount of rent, frequency of payment, and acceptable payment methods. 3. Security Deposit: Determine the amount of security deposit required and any conditions for its return. 4. Use of Premises: Describe the intended use of the commercial building and any restrictions on certain activities. 5. Maintenance and Repairs: Define the responsibilities for maintenance and repairs, including who is responsible for specific areas and systems. 6. Improvements and Alterations: Specify whether the tenant is allowed to make improvements or alterations to the premises and any approval process required. 7. Insurance: Determine the type and amount of insurance coverage required from the tenant, including liability and property insurance. 8. Utility and Service Charges: Indicate which party is responsible for utility costs and any additional service charges. 9. Assignment and Subletting: State whether the tenant has the ability to assign or sublet the premises and any conditions or restrictions. 10. Default and Remedies: Outline the procedures and consequences in the event of a default, including potential eviction and damages. 11. Indemnification: Include a clause requiring the tenant to indemnify the landlord against any claims arising from the tenant's use of the premises. 12. Dispute Resolution: Specify the method of resolving disputes, such as arbitration or mediation, and the jurisdiction where legal actions will be taken. 13. Renewal and Termination: Clarify the process for lease renewal or termination, including notice periods and any penalties. 14. Compliance with Laws: Ensure the tenant complies with all applicable laws, regulations, and ordinances. 15. Entry and Inspection: State the landlord's right to enter and inspect the premises, with advance notice to the tenant. 16. Confidentiality: Include a confidentiality clause to protect sensitive information disclosed during the lease term. Different types of New Mexico Checklists of Matters to be Considered in Drafting a Lease of a Commercial Building can include specific variations tailored to different property types or lease arrangements, such as: — Retail Space Lease Checklist: Focuses on considerations specific to retail businesses, such as signage rights and operating hours. — Office Space Lease Checklist: Emphasizes the needs of office tenants, including provisions for shared amenities and parking. — Industrial Space Lease Checklist: Addresses specialized requirements for industrial tenants, such as the use of heavy machinery and compliance with environmental regulations. — Restaurant/Café Lease Checklist: Covers considerations unique to food service establishments, such as health department compliance and the use of commercial kitchen equipment. — Mixed-Use Space Lease Checklist: Addresses a combination of various uses within a single property, taking into account different tenant requirements and potential conflicts.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.