What are the rights of tenants and landlords under commercial real estate law?
Delaware commercial real estate law establishes the rights of both tenants and landlords for commercial real estate leases and agreements. Tenants have the right to enter into a rental agreement with a landlord and have necessary repairs addressed in a timely manner. The tenant also has the right to occupy the property without fear of eviction if rent is paid on time. Landlords have the right to receive payment from the tenant and to have the tenant comply with the conditions in the rental agreement. The landlord also has the right to hold the tenant to the agreed-upon terms of the agreement, including payment of rent and compliance with other conditions such as allowing reasonable access to the property. Commercial real estate law also protects the tenant from unfair eviction and sets out the process a landlord must follow to make a valid eviction. The law also prohibits landlords from retaliating against tenants in any way that is in violation of the rental agreement or Delaware regulations. Both tenants and landlords also have the right to possess the property and to protect their interests in the property from any claims of title, encroachment, or other interests. They also have the right to use the property for the purpose specified in the rental agreement and to use the property in a reasonable manner. Finally, tenants have the right to receive a written notice if there is going to be an increase in rent or a change in the terms of the lease.
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