Menu

Washington Commercial Lease Agreement

13Oct

The periodic lease, on the other hand, does not have a specific end date for the lease and the tenant can extend it. You must issue a lease renewal notice as specified in the lease, and each party has the right to issue a lease termination. The terms of the lease may change and the rent may be increased for the duration of the lease extension. While the landlord has commercial space in a business-oriented property, they may have restrictions on the type of business you are allowed to operate in the space. For example, you may not be allowed to operate a nightclub in this building. So you should discuss with the owner the authorized use of the space, as well as the types of businesses you can`t operate in the room, before signing the lease or negotiating better terms.