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.
Indiana Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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US-OL23011
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FAQ
Your landlord cannot turn off your utilities. You have the right to privacy in the rental premises. Your lease agreement likely says when your landlord may come into your home. Usually, lease agreements say that your landlord may come in to do emergency repairs, routine or needed maintenance, and inspections.
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.
An exclusive use provision allows a tenant to use its premises for an intended specific use (for example, as a restaurant, clothing store or electronics retailer), and restricts other tenants in the shopping center from using their premises for the same or a similar use.
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.
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.
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.
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.
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.
