This form is for the lease of commercial property. The lessor and lessee will indemnify and save harmless the other from any and all losses, fines, suits, damages, expenses, claims, demands and actions of any kind resulting from their negligence, breach, or violation or non-performance of any condition of the contract.
Commercial Lease Agreement With Option To Purchase In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00449
Format:
Word;
Rich Text
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FAQ
An option clause is a term in a commercial or retail lease, permitting a tenant to renew their lease at the end of the initial lease period.
There are many reasons why a Landlord and Tenant may choose to include an “option” in a commercial lease. The most common type of option is one that gives the Tenant the right to extend the lease term, usually for additional — sometimes two or more — terms of equal length to the original term.
An option clause is a term in a commercial lease that allows a tenant to renew their lease at the end of the original lease period, if they meet certain conditions. Landlords are not obliged to offer a renewal option.
For example, a tenant and landlord may agree to a five-year lease with a five-year option to renew. At the end of the first five years, the tenant is given the chance to continue the lease for another five years. If you think you may renew, be sure to bring up extension provisions with your landlord.
Generally 48 months is the ``sweet spot'' for leasing, but if you want a newer car - sooner - then go for the 36 month lease instead.
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THIS OPTION AND PURCHASE AGREEMENT (this "Agreement") is made and entered into effective as of ______, 2021 ("Effective Date"), between the Prince William. This DEED OF LEASE (this "Lease") made as of the ______ day of ______, 201_ between BOARD OF SUPERVISORS OF FAIRFAX COUNTY, VIRGINIA, a body corporate.A Commercial Lease with Option to Purchase is a legal document that gives tenants a path to ownership. Make yours for free and sign online or download. Yes, please fill out the Owner Exemption Statement Form. A lease guaranty is a contract between an individual or entity (guarantor) that is typically related to the tenant. Procurement at Fairfax Water has transitioned to PurePro, offering a seamless and modernized purchasing experience. Procurement at Fairfax Water has transitioned to PurePro, offering a seamless and modernized purchasing experience. Find Fairfax, VA commercial real estate for lease and sale on PropertyShark. Discover 107 properties including offices, retail, and industrial spaces.