New Hampshire Lease of Furniture between Sublessor and Sublessee of Office Lease Agreement
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How to fill out Lease Of Furniture Between Sublessor And Sublessee Of Office Lease Agreement?
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FAQ
You can assign your lease if you decide to leave your rental unit permanently during the course of the lease. You transfer your lease to someone else and have no further responsibilities as a tenant under the lease. Subletting, on the other hand, can be a temporary arrangement.
Fixture an object physically attached to leased premises that becomes a permanent part of the premises and cannot be removed by the Tenant at the end of the tenancy.
Thus, trade fixtures are not real estate endowed with the rights of real property ownership; they are personal property regardless of how they are affixed. Some examples of trade fixtures are restaurant booths and bars, gasoline station pumps and storage tanks, and body building equipment in a health club.
A fixture, as a legal concept, means any physical property that is permanently attached (fixed) to real property (usually land). Property not affixed to real property is considered chattel property. Fixtures are treated as a part of real property, particularly in the case of a security interest.
As the name suggests, an agreement to lease is basically a promise. It is a contract between two parties (lessor and lessee), where the lessor agrees that they will, in the future, grant a lease to the lessee. A lease on the other hand is more formal and creates more than just contractual rights.
The conversion of personal property into real property is a common question among commercial tenants who install trade fixtures as part of their underlying business. As a general rule, an item of property that is attached to, and considered a part of, real property is considered a fixture.
Landlords are normally responsible for any structural repairs needed to maintain commercial properties. This includes exterior walls, foundations, flooring structure and the roof.
In layman's terms, I think we can all agree that a fixture is something that initially was not attached to real property but is attached afterward, such as a window air-conditioning unit or a wet bar installed in a house after its construction.
Your landlord is responsible for any aspects of health and safety written in the lease (eg in communal areas). You must take reasonable steps to make sure your landlord fulfils these responsibilities. If you get into a dispute with your landlord, you need to keep paying rent - otherwise you may be evicted.
The responsibilities of landlord and tenant will be clearly set out in the lease. Normally commercial landlords are responsible for any structural repairs such as foundations, flooring, roof and exterior walls, and tenants are responsible for non-structural repairs such as air conditioning or plumbing.