What is a good guy clause in lease?

If you're a tenant and your business fails, but you vacate your space and pay rent through the date you vacate, you're a good guy. A good guy clause limits the liability of the personal guarantor for a tenant when a lease is terminated early.

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Profit Maximizing Aggressive Landlord Oriented Electricity Clause

Profit Maximizing Aggressive Landlord Oriented Electricity Clause

Name: Profit Maximizing Aggressive Landlord Oriented Electricity Clause
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.73 (208 reviews)

Category:

Landlord Tenant - Commercial Leases

State:

Multi-State

Control #:

US-OL17024

Format:

Instant download

Description

This office lease clause is a landlord-oriented electricity clause. It provides a considerable profit center for the landlord and picks up most of the characteristics and issues where the lessee agrees that lessor may furnish electricity to lessee on a "submetering" basis or on a "rent inclusion" basis.

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FAQ

Most leases and rental agreements include a clause in which the tenant agrees that the premises are in habitable (livable) condition and promises to alert the landlord to any defective or dangerous condition. Tenant's repair and maintenance responsibilities.

If an issue crops up after a lease has begun, you can still add a clause or addendum. You will just need to send your tenant written notice of the change, preferably with a lease amendment, and then get your tenant's signature on the new amendment.

If you're a tenant and your business fails, but you vacate your space and pay rent through the date you vacate, you're a good guy. A good guy clause limits the liability of the personal guarantor for a tenant when a lease is terminated early.

Fundamental responsibilities of landlords include: providing and maintaining the property in a clean and reasonable standard; giving proper receipts and maintaining records of all transactions pertaining to the tenancy; paying council rates and taxes; maintaining locks to ensure the property's security; and lodging the

10 Important Rental Lease Clauses. #1 Rent Liability. #2 Severability Clause. #3 Access to Premises. #4 Use of Premises. #5 Holding Over. #6 Sublet Rules. #7 Disturbance Clause.

The most important clause to landlords is the duty of the tenant to pay the rent in full and on time. This includes the right to charge a fee for damages if payment is late. Other important clauses grant the landlord the right to enforce the rules and regulations written into the lease.

Amount of rent, security deposit, other payments. Duration of agreement and renewal criteria. List of fittings, fixtures. Registration of agreement. Restrictions.

This includes keeping the property clean, safe and habitable. The landlord must adhere to all building codes, perform necessary repairs, maintain common areas, keep all vital services, such as plumbing, electricity, and heat, in good working order, must provide proper trash receptacles and must supply running water.

Names of all tenants. Limits on occupancy. Term of the tenancy. Rent. Deposits and fees. Repairs and maintenance. Entry to rental property. Restrictions on tenant illegal activity.

Profit Maximizing Aggressive Landlord Oriented Electricity Clause

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FAQ

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