The tenant has the right, without the landlord`s consent, to transfer this rent to a company with which the tenant can merge or consolidate, to a subsidiary of the tenant, to a company under common control with the tenant or to a buyer for the bulk of the entire rental property. Except as noted above, the tenant cannot sublet all or part of the renters or give up all or part of that tenancy without the consent of the lessor, this consent is not improperly withheld or delayed. Here are some sections that must also be included when writing one of these types of leases: the landlord is required to return the deposit to the tenant within 45 (45) days from the end of the rental period. If deductions were required for property damage, overdue rent, unpaid electricity bills, etc., the lessor must provide a broken list of deductions as well as the rest of the deposit. C. Tenants and landlords charge a policy or policy after B.C. for the respective general liability insurance for the respective activities of each building with premiums paid in full at maturity and paid by an insurance company approved by the lessor and are mandatory for this insurance in order to ensure minimum protection of at least 1,000,000 USD with a single personal injury coverage. , property damage or combination. The landlord is listed as an additional insured in the rental policy or in general liability insurance, and the tenant provides the lessor with up-to-date insurance certificates guaranteeing compliance with this paragraph by the tenant. The tenant receives the consent of the tenant insurers to inform the landlord that a policy must expire at least (10) days before. The landlord is not required to maintain insurance against theft in the rental premises or in the building.
This is a legally binding contract between a landlord who owns a commercial property and a tenant who wishes to lease the commercial property with the intention of operating a business. The rental of commercial real estate generally falls within a retail, office or commercial space category. With this lease agreement, the end date of the termination of the lease is known in advance. The tenant may decide whether or not to sign a new lease, but conditions may change without the landlord`s notice. Are you ready to prepare a commercial real estate leasing contract in Indiana? Start with our free commercial rentals available online in Gary, Indianapolis, Fort Wayne, Evansville, Bloomington, South Bend, Anderson or any other Indiana city. Federal law requires that any property built before 1978 must disclose to the owner the presence of lead-containing paint. This is due to the fact that this type of color is dangerous when exposed or absorbed by children or pregnant women. To ensure legality, the lessor must provide a disclosure form that should be initialized and signed by the commercial contractor.
