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Office Lease means any space Lease solely for an office or any other administrative operations, but specifically excluding all Mining Leases and Prep Plant Leases.
A sublease is a process of renting out a property to a third party by a tenant for a time period of the lease contract of the existing tenant. Lease contracts are contracts between a tenant and the owner of the property.
Leased space means individual storage space at a self-service storage facility which is rented to an occupant pursuant to a rental agreement.
1. Is subletting an office legal? Subletting an office is legal if the tenant has permission from the landlord. 2.
A building lease is a legal contract used by landlords and tenants to formally agree on the rental terms of commercial buildings that are used for office, industrial, or retail purposes. Landlords receive payments from their tenants in return for being able to use the commercial property for their business as needed.
Space Lease means any sublease, franchise, license or other agreement that would permit or allow a Person to use and/or maintain space as a tenant in or on the Development.
Leasing vs.The main difference between a lease and rent agreement is the period of time they cover. A rental agreement tends to cover a short termusually 30 dayswhile a lease contract is applied to long periodsusually 12 months, although 6 and 18-month contracts are also common.
A lease is a contract outlining the terms under which one party agrees to rent an assetin this case, propertyowned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.
Average commercial lease lengths are 3-5 years, however it's contingent on market conditions, the existing condition of the space, your credit, and the scope of tenant improvements needed. In a hot market landlords are going to push for a minimum of 3-5 year leases.
Sublessee definition The definition of a sublessee is the person who holds a lease which was given to another person for all or part of a property. An example of a sublessee is the person who has a lease for a car that is already being leased by another party.