This tenancy agreement applies to a tenant who rents a tenant in a shopping mall for a sports bar operation. The tenant is responsible for his proportionate share of the costs of CAM (Common Area Maintenance) which go beyond a “stop of costs” indicated in the tenancy agreement. The tenant is not obliged to pay the rent as a percentage. As a result, tenants and landlords must carefully negotiate the terms of this agreement to ensure that each party is properly protected and that the obligations are clearly defined. 4.03 WARRANTIES. With regard to this lease, the lessor, if the lease expressly provides for it, does not give any guarantee or guarantee as to the condition of the premises at the time of the start of the lease. [Please add: The premises were created by (tenant) and sold to landlords as part of a sale/rental transaction. The guarantees relating to the property and premises are contained in the purchase and sale agreement between the lessor and the tenant from the state (date) and in the guarantee of the lessor and the interception of the tacit and peaceful detention below. D) Reciprocal renunciation of sub-rogatory. When a party suffers damage caused by the other party, but which is covered by the victim`s insurance, the victim waives any claims he may have against the other party, to the extent that he is compensated by the insurance required by this agreement; and each party undertakes to obtain from its insurer a provision and recognition of this waiver and an agreement so that the insurance agency is not infringed on the rights of the aggrieved person, to the extent that those rights have been waived.
Commercial leases are different from leases. They offer many more provisions in the contract to protect both the owner and the business. In essence, the purpose of a commercial lease is to ensure that there is no bulk end that could endanger one of the parties at risk. Unlike a residential lease, a commercial lease assumes that the property is used for commercial and non-residential purposes. The rented property can be a simple office, an entire building, an independent retail store, a new restaurant or even a large warehouse for industrial purposes such as a factory or self-storage. If the property for rent is part of a larger building, the owner may respond to particular concerns and obligations regarding common areas such as car parks or lobbying spaces.