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.
Wyoming Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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US-OL23011
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Owning vs. Renting Own Or RentAdvantagesHomeownershipPrivacy Usually a good investment More stable housing costs from year to year Pride in ownership and strong community ties Tax incentives Equity buildup (savings)RentingLower housing costs Shorter-term commitment No/minimal maintenance and repair costs
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.
Disadvantages Lease increases. Many leases are set up to allow annual rent increases, while others often increase costs when your lease expires and needs to be renewed. Lease renewal ends ? change of business location. ... No equity in building. ... Little control. ... Less space for growth.
Ground lease. A lease of land only, on which the tenant usually owns a building or is required to build as specified in the lease. Such leases are usually long-term net leases; the tenant's rights and obligations continue until the lease expires or is terminated through default.
Cons of Leasing Rent is expensive: Your monthly rent payments will usually exceed mortgage payments on the same property. The typical triple-net lease agreement makes tenants responsible for monthly retail insurance, property taxes, utilities and maintenance costs.
Pros. You have a low initial financial commitment with no down payment, just a deposit. Lease payments are tax-deductible. The landlord handles repairs and maintenance, sparing your time.
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.
Which of the following is a drawback to leasing commercial space? Rental rates can include annual increases based on market conditions.
