Business Lease Agreement

A commercial tenancy agreement is a document by which a landlord (owner) and a business tenant (tenant) are engaged in a three/three/five contract (5-year contract) in which the contractor regularly makes monthly payments in exchange for the use of the property. Compared to more common residential rental contracts, commercial leases are generally not protected under state law, so parties must rely on negotiations and knowledge to ensure that they receive financial and legal protection during the contract. B) Subordination. The tenant undertakes, at the request of the lessor, to subordinate this contract to any mortgage placed on the denied premises or on the property or on one or more of them by the lessor, provided that the holder of such a mortgage enters into a contract with the tenant, which is mandatory for the successors and parties to the transfer by which the holder undertakes not to disturb the property. , peaceful and peaceful enjoyment and other rights of the tenant under this agreement. In addition, as long as the tenant continues to meet his obligations under this contract, in the event of the acquisition of the property by this owner through enforcement procedures or other landlords, he undertakes to accept the tenants as tenants of the premises denied under the terms of that agreement and to fulfil the obligations of the lessor under this agreement (but only as the owner of the demerited premises), and tenant undertakes to recognize that owner or any other person who has acquired the property of the premises. The parties agree to execute and provide all appropriate instruments necessary for the implementation of the agreements attached to them. D) No links allowed. No person is ever entitled to a right to pledge, directly or indirectly, by or by an act or omission of the tenant, by or by an act or omission of the tenant, on the premises demerited or on any improvement that is now or subsequently, or on the insurance policies taken out in the premises denied, or on their product, for or against the account of works or equipment made available to the premises made available to the premises, or for or for any material or anything; and not included in this contract must be construed as a consent of the lessor to the creation of a pledge. In the event that such a right of guarantee is filed, the tenants ensure that this right of guarantee is released within days – days after the effective notification of the tendering of the pledges or, within that period, certify to the lessor that the tenant has a valid defence against that claim and that such a right of guarantee gives the lessor a satisfactory loan to the lessor who frees the lessor against the forced execution of such a right of deposit.