Miami-Dade Florida Lease Agreement of Store with Lessee Paying no Rent the First Year and with an Option to Renew or Purchase at the End of One Year - Lease or Rent to Own

State:
Multi-State
County:
Miami-Dade
Control #:
US-01555BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Miami-Dade Florida Lease Agreement of Store with Lessee Paying no Rent the First Year and with an Option to Renew or Purchase at the End of One Year — Lease or Rent to Own In Miami-Dade, Florida, there are various types of lease agreements available for stores with the lessee paying no rent during the first year and an opportunity to renew or purchase the property at the end of one year. These lease options provide an attractive proposition to potential lessees looking for flexibility and potential ownership of the store space. Here, we explore different variations of such lease agreements: 1. Miami-Dade Florida Lease Agreement with Renewal Option: This type of lease agreement permits the lessee to operate their store in the designated space without paying rent for the first year. At the end of the initial one-year lease term, the lessee has the option to renew the lease for an extended duration, typically agreeing to pay rent. 2. Miami-Dade Florida Lease Agreement with Purchase Option: In this lease agreement, the lessee occupies the store space without paying rent for the first year. However, at the end of the initial lease term, the lessee has the option to purchase the store by paying a predetermined price. This allows the lessee to test the feasibility and success of their business before committing to ownership. 3. Miami-Dade Florida Lease-to-Rent Option: This lease agreement allows the lessee to rent a store space without immediately paying rent during the first year. However, at the end of the lease term, the lessee is obligated to convert the agreement into a standard rental lease with regular payment of rent. This option gives the lessee temporary relief while also ensuring future rental payments. 4. Miami-Dade Florida Lease-to-Own Agreement: With this lease-to-own option, the lessee has the opportunity to occupy the store space without paying rent for the first year. At the end of the initial lease term, the lessee can choose to exercise their right to purchase the property using a portion of the paid rent as part of the down payment. This option provides the lessee with a pathway towards eventual ownership of the store. 5. Miami-Dade Florida Lease Agreement with Buyout Option: This lease agreement structure allows the lessee to occupy the store space without paying rent for the first year. At the end of the lease term, both parties agree to a buyout clause that gives the lessee the option to purchase the property at a predetermined price. This arrangement avoids rental payments but requires a commitment to purchase the property within a specified timeframe. These variations of the Miami-Dade Florida lease agreements provide lessees with different options to start or expand their businesses while providing the opportunity to pursue future ownership. Whether through lease renewal, purchase options, rental conversion, or eventual ownership, these agreements offer flexibility and potential long-term investment opportunities for lessees in Miami-Dade, Florida.

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FAQ

A contract is an agreement between parties for performance. When a landlord backs out of a signed lease after accepting a security deposit, he's obligated by law to return that security deposit. If he doesn't, a judge will point him in the right direction.

Under the updated Florida Statutes 83.595, the landlord can execute a condition in the lease to provide an early termination offer to the tenant. The amount should be limited to two months of the required rent. Additionally, the tenant must send in a 60-day notice.

According to Florida Statute 83.58, if a Tenant remains after the lease terminates, an Eviction can be filed. As a result, the Court may award the Landlord double rent if they refuse to leave. In addition, the Landlord is entitled to Summary Procedure.

In Florida, the landlord must give the tenant three days to pay the rent or move before he or she can legally file for eviction.

If no notice has been served by either party, the lease will roll over the expiration date and carry on. However, both parties can terminate the lease after the expiration date by serving their notices.

You can immediately file an eviction if the tenant refuses to leave the property. However, this is likely only the case if you did not accept any additional payments. If you took a rental payment from the tenant after their lease expired, you'll need to provide all the normal notices.

Pursuant to Florida Statute 83.575, the rental agreement may not require more than 60 days' notice from either the tenant or landlord regarding non-renewal.

When a tenant remains in possession of the rental after the agreement term expires they are considered a ?holdover tenant? . Legally, they become a month-to-month tenant and all provisions of the original agreement remain in effect, including the requirement to provide 30 days written notice of their intent to vacate.

After the lease term ends, you must either; Move out of the premises. Renew the lease with the same or different terms. Continue living on a month-to-month lease agreement, in your Florida rental.

In Florida, a landlord can terminate a tenancy early and evict a tenant for a number of different reasons, including not paying rent, violating the lease or rental agreement, or committing an illegal act. To terminate the tenancy, the landlord must first give the tenant written notice.

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Miami-Dade Florida Lease Agreement of Store with Lessee Paying no Rent the First Year and with an Option to Renew or Purchase at the End of One Year - Lease or Rent to Own