What are the rights of tenants and landlords under commercial real estate law?
In California, commercial real estate law grants rights to both tenants and landlords. Tenants have the right to a safe and habitable space to occupy, meaning landlords are responsible for providing secure areas and ensuring that the building meets all zoning and safety laws. They are also responsible for maintaining and repairing any damage done to the property. Tenants have the right to receive a 30-day notice before any rental increase and can challenge any increase that exceeds the percentage set by the local rent board. Tenants also have the right to remain in the space until their lease has expired. Landlords have the right to receive rent from the tenant in a timely manner according to the lease agreement. They also have the right to reserve the tenant to follow all lease agreements, such as notifying the landlord when the tenant will be away for more than two weeks, notifying the landlord of any guests that will be staying for more than two weeks, and notifying the landlord of any damage or repairs that need to be addressed. Landlords have the right to evict a tenant if they are not paying their rent or are not following the lease agreement. Ultimately, both tenants and landlords have the right to negotiate and reach an agreement over reasonable terms. This includes the right to challenge any clauses that they find to be unreasonable or illegal. It is important to note that both parties should be aware of the laws and regulations of the tenancy agreement before signing.
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