What legal documents should be reviewed before signing a commercial real estate lease?
When signing a commercial real estate lease in Washington, it is important to review several legal documents before putting your signature on the dotted line. The documents you must review include a lease agreement, security deposit agreement, rent payment terms, and a certificate of occupancy. The lease agreement outlines the rental period, rental rate, and any other applicable fees. It should also include a description of the duties and responsibilities of the tenant and landlord. It is important to read this agreement carefully and to make sure that all parties understand the terms and conditions that are outlined in the document. The security deposit agreement outlines the terms for the security deposit. This document should explain how the deposit will be returned to the tenant at the end of the lease period, and any other conditions that must be met before the deposit is refunded. The rent payment terms document outlines the amount of rent due each month and when it is due. This document may also include details about any late fees or other penalties that may be charged for late payments. Finally, it is important to review the certificate of occupancy document. This document outlines the zoning and occupancy laws in your area. It helps to ensure that all parties comply with local zoning laws and occupancy regulations. By reviewing these legal documents before signing the commercial real estate lease, you can ensure that all parties understand the terms of the agreement and that the rental property meets all local zoning and occupancy laws.
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