This document is a lease agreement which provides that the lessor will lease to the leasee office space described within the agreement. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee will pay all personal property taxes duly assessed against lessee's personal property located on the premises and shall also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties.
District of Columbia Office Space Lease Agreement
State:
Multi-State
Control #:
US-00575
Format:
Word;
Rich Text
Instant download
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FAQ
The average office Washington, D.C. office space will rent for around $60 per square foot depending on the classification of the space. Class A occupants pay closer to $70, while Class B pay around $50.
How to negotiate a commercial lease for your retail store: 15 tipsSettle ahead of time on your budget, your must-haves, and your nice-to-haves.Get an agent or lawyer to negotiate for you.Do negotiate on more than one location at the same time.Don't pay asked base rent.Check the square footage yourself.More items...?
Your landlord can refuse to renew your lease if: you're in breach of your obligations (for example, you've not paid your rent) they want to use the premises themselves, for their business, or to live there.
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.
Leased space means the individual storage space at the self-service facility which is leased or rented to an occupant pursuant to a rental agreement.
Commercial tenants usually remain in a property when a lease has expired because they are still negotiating the terms of a new, renewed lease with the landlord or they have an informal agreement to stay on.
If a lease is contracted out, once the end of the term is reached you can choose to renew the rental agreement based on renegotiated terms, such as a rental increase. It is then up to the tenant if they accept these terms and sign a new lease.
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.
When a lease ends, a tenant may choose to move, continue to pay rent as a month-to-month tenant, or sign a new lease. If a tenant continues to pay rent after a lease ends, in most states the terms of the expired lease carry over into a month-to-month tenancy.
Upon the termination of this Lease, Tenant shall return the premises to Landlord in its original condition, ordinary wear and tear and alterations or improvements not designated to be removed excepted.