What types of clauses are typically included in commercial real estate leases?

Commercial real estate leases in Florida can vary greatly, depending on the specificity of the clauses included. Generally, there are several common clauses that are typically included in commercial real estate leases. These include the term of tenancy, rental rate and payment terms, contingencies, maintenance and repair obligations, insurance requirements, and tenant improvement allowances. The term of tenancy clause states the length of the lease, whether it is a month-to-month tenancy, a two-year lease, or something else. It may also set out the conditions for extending the lease, if the tenant wishes to stay in the property for a longer period of time. The rental rate and payment terms clause outlines the amount of monthly rent the tenant will pay, and the payment terms of that rent. This clause may also include a provision for late fees or other charges if rent is not paid on time. Contingencies may be included in the lease, which are conditions that must be met before the lease can take effect. This may include a clause requiring the tenant to have their business license in order before they can take possession of the space. Maintenance and repair obligations outlines who is responsible for which types of repairs or maintenance. Typically, the tenant is responsible for any repairs or maintenance inside the premises, while the landlord is responsible for any repairs or maintenance to the structure or grounds outside the premises. An insurance requirement clause states the tenant must maintain a certain amount of insurance, such as liability insurance, during the term of the lease. Lastly, a tenant improvement allowance clause stipulates the amount of money that is provided for improvements to the space, if any, and the amount of time allowed to complete the improvements. This clause may also include restrictions on what type of improvements can be made.

What types of clauses are typically included in commercial real estate leases?

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