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Checklist of Matters to be Considered in Drafting a Lease of a...

Broward Florida Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building

Name: Broward Florida Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building
Brand: US Legal Forms
Rating: 4.56 (495 reviews)

Category:

Leases - Commercial

State:

Multi-State

County:

Broward

Control #:

US-02414BG

Format:

Instant download

Description

Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building

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When does a commercial lease need to be registered? Modern commercial leases are normally required to be registered if they're granted for a period of more than seven years. If the period is for less than seven years, then registration typically isn't needed.

What are the important lease terms included in a commercial lease agreement? Duration of the lease.Base rent and monthly rent.Security deposit.Rent increases.Details of the commercial property.Signage for the leased commercial space.Usage of common areas and utility bills.Repairs and improvements to the property.

The Consumer Protection Act (CPA) does NOT apply to all lease agreements (or rental agreements). This is really important to know because the Consumer Protection Act has a big influence on the lease and changes the legal position between the landlord and tenant significantly.

In terms of the Consumer Protection Act, tenants have the RIGHT to cancel their leases, as long as they qualify to do so and do so while fulfilling ALL the cancellation criteria or requirements. Tenants who do this must do so in writing and must give at least 20 days' written notice.

In some states, registration is a requirement. However, in others, there is no requirement at all. In Victoria, the legislation protects all lessees when they are in possession of the property and have a valid lease. Therefore, leases are rarely registered in Victoria regardless of the length of the lease.

In NSW, retail and commercial leases with a term (including any option periods) exceeding 3 years must be registered. Leases shorter than 3 years may be registered where the parties agree to do so. In the ACT lease registration is not mandatory, regardless of the length of the lease term.

Landlords that challenge the right of renewal For example, the landlord may prevent a renewal if it wishes to occupy the premises itself, demolish it for development purposes, or if the tenant has persistently breached the lease.

Process for registration a lease Should there be a mortgage on title, the consent of the mortgagee should be obtained before registering any lease to ensure the mortgagee is bound by the terms of the lease in the event that they take possession of the property. This is called a 'mortgagee's consent'.

Both retail and commercial leases may be affected by the Act, depending on whether one of the parties may be within the "small business" threshold.

To ensure your rights as a long-term occupier are officially recorded and protected, leases for more than three years require registration of the lease with the Titles Office.

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Disclosure of matters discussed at closed meetings . Development not specifically included in the judgment.Residents, who own shares in the association. Broward Legal Directory is a free resource for anyone wanting information about legal issues in Broward County, Florida. There are new rules . First, you must allocate your expenses between the personal use days and the rental days. Being a landlord is your main job. Keeping in touch with property owners and the residents of rental homes ensures the quality of service you expect for your investment property.

Broward Florida Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building

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FAQ

Does a commercial lease need to be registered?

What should be included in a commercial lease agreement?

Does the Consumer Protection Act apply to commercial lease agreements?

How do I get out of a commercial lease in South Africa?

Should leases be registered in Victoria?

Do I need to register a commercial lease in NSW?

Does the landlord have power to block the renewal of tenancy in commercial leases discuss?

How do I register a commercial lease in Qld?

Does Australian Consumer Law apply to commercial leases?

When must a lease be registered in Qld?

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What is the Broward Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building?

Why is the Broward Checklist important?

What are some key items covered in the Broward Checklist?

How can the Broward Checklist help in creating a fair lease agreement?

Where can I find the Broward Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building?

Can the Broward Checklist be applied to residential leases?

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