San Jose California Percentage Shopping Center Lease Agreement

• Category: Landlord Tenant - Commercial Leases - Shopping Centers
• State: Multi-State
• City: San Jose
• Control #: US-01626
• Format: Word; Rich Text

Description

This form is for the lease of property to be used as a shopping center. The landlord warrants that the demised premises may be used, but not limited to such use, by tenant, among others, for the conduct of a mercantile business of the type and kind known as a variety store, discount store, dollar store or variety discount store. A San Jose California Percentage Shopping Center Lease Agreement is a legal contract that establishes the terms and conditions between a property owner or landlord and a tenant who wishes to lease space within a shopping center located in San Jose, California. This type of lease agreement is specifically designed for shopping centers and differs from other types of commercial leases due to its unique provisions. The lease agreement outlines various details such as the term of the lease, rental payment structure, and percentage rent clauses. One important characteristic is the inclusion of a percentage rent provision, which requires the tenant to pay a base rent as well as a percentage of their gross sales, commonly referred to as "percentage rent." This additional payment structure allows the landlord to share in the tenant's success when their business thrives. San Jose California Percentage Shopping Center Lease Agreements can vary depending on the specific shopping center and parties involved. Therefore, there may be different types or variations of this lease agreement that cater to specific circumstances and requirements. Some of these variations may include: 1. Short-term Percentage Shopping Center Lease Agreement: This type of lease provides tenants with a short-term commitment, typically for a few months or less. It may be suitable for pop-up shops or seasonal businesses. 2. Long-term Percentage Shopping Center Lease Agreement: This type of lease has a more extended term, usually spanning several years. It offers tenants stability and security for their business operations. 3. Anchor Tenant Percentage Shopping Center Lease Agreement: In some shopping centers, there are anchor tenants, which are larger, well-known retailers that attract significant foot traffic. An anchor tenant lease agreement may have specific provisions addressing their unique position and benefits. 4. Franchise Percentage Shopping Center Lease Agreement: If a tenant operates a franchise within the shopping center, this type of lease agreement may include additional clauses related to the franchisor's requirements or regulations. 5. Renewal or Extension of Percentage Shopping Center Lease Agreement: When the initial lease term is nearing its end, tenants may have the option to renew or extend their lease agreement. These agreements often have specific terms and conditions dictated by the landlord. When negotiating a San Jose California Percentage Shopping Center Lease Agreement, it is crucial for both parties to consider factors such as the size and location of the leased space, permitted uses, maintenance responsibilities, common area expenses, and any additional fees or obligations. Seeking legal advice and thoroughly reviewing the agreement before signing is highly recommended ensuring the fair and proper execution of the lease.

A San Jose California Percentage Shopping Center Lease Agreement is a legal contract that establishes the terms and conditions between a property owner or landlord and a tenant who wishes to lease space within a shopping center located in San Jose, California. This type of lease agreement is specifically designed for shopping centers and differs from other types of commercial leases due to its unique provisions. The lease agreement outlines various details such as the term of the lease, rental payment structure, and percentage rent clauses. One important characteristic is the inclusion of a percentage rent provision, which requires the tenant to pay a base rent as well as a percentage of their gross sales, commonly referred to as "percentage rent." This additional payment structure allows the landlord to share in the tenant's success when their business thrives. San Jose California Percentage Shopping Center Lease Agreements can vary depending on the specific shopping center and parties involved. Therefore, there may be different types or variations of this lease agreement that cater to specific circumstances and requirements. Some of these variations may include: 1. Short-term Percentage Shopping Center Lease Agreement: This type of lease provides tenants with a short-term commitment, typically for a few months or less. It may be suitable for pop-up shops or seasonal businesses. 2. Long-term Percentage Shopping Center Lease Agreement: This type of lease has a more extended term, usually spanning several years. It offers tenants stability and security for their business operations. 3. Anchor Tenant Percentage Shopping Center Lease Agreement: In some shopping centers, there are anchor tenants, which are larger, well-known retailers that attract significant foot traffic. An anchor tenant lease agreement may have specific provisions addressing their unique position and benefits. 4. Franchise Percentage Shopping Center Lease Agreement: If a tenant operates a franchise within the shopping center, this type of lease agreement may include additional clauses related to the franchisor's requirements or regulations. 5. Renewal or Extension of Percentage Shopping Center Lease Agreement: When the initial lease term is nearing its end, tenants may have the option to renew or extend their lease agreement. These agreements often have specific terms and conditions dictated by the landlord. When negotiating a San Jose California Percentage Shopping Center Lease Agreement, it is crucial for both parties to consider factors such as the size and location of the leased space, permitted uses, maintenance responsibilities, common area expenses, and any additional fees or obligations. Seeking legal advice and thoroughly reviewing the agreement before signing is highly recommended ensuring the fair and proper execution of the lease.