When you are looking to get into a new business or you are just trying to remodel an old one, a good place to start is with a lease agreement. A lease agreement can help you keep your assets and business assets separate. Here are some key points to keep in mind when creating a lease agreement.
Location is an important consideration. This can determine where you will lease your building. You will want to make sure that you are in the best location for both your building and for your clients as well. This can be very important if you have a lot of customers coming to your building, so it can be helpful to know where your building will be before you start looking for a tenant.
Free Standard Lease Agreement from example of a sublease agreement, source: nickcornishphotography.com
Another point of consideration when it comes to a lease agreement is what you will be paying your tenant for. If you are going to rent a small office building, you may be able to negotiate a reasonable amount for rent, but if you are going to rent a building that houses several hundred people, you will likely want to negotiate a larger fee. You will want to think about how long your tenant will be staying in the building, as well as what they will be doing there, such as running a small business or buying a new building.
The sublease agreement should also include information about when and where the tenant will be leaving your building. For instance, is your tenant planning on staying for a couple of months or more, or is this a permanent move? It is also a good idea to list what types of things you expect your tenant to do while they are in your building. This will help ensure that your tenant is not going to leave something behind that could harm your building or injure any of your tenants while they are there.
Free Lease Agreement Template Word Elegant Sublease What Resume from example of a sublease agreement, source: arashkdesign.com
Also, make sure that your tenant does not take anything from your building while he is in the building. While you are not liable for what they do, you will want to make sure that they are not doing something that could damage your building. This can include things like using the phone, computers, televisions, or other equipment in your building. The last thing that you need is for your building to suffer.
Finally, make sure that your lease includes some sort of termination clause. This is a part of the contract that you should never overlook or fail to add. This clause lets the tenant know that once he or she has been in your building for a certain amount of time, he or she cannot come back. Without proper notification or notice. If you do not have this part included in your lease, then you may have to pay exorbitant amounts of extra to the previous tenant.
Furnished Apartment Lease Agreement from example of a sublease agreement, source: nickcornishphotography.com
Another point to make sure that you consider when creating a lease agreement is how much maintenance you will need to pay. The cost of the repairs that need to be done to your building can be very high. It may be helpful to include a clause in the contract that states that the tenant will have to pay the cost of the repairs up front, or in some cases, the tenant will not have to pay any money at all. Either way, you will want to make sure that you have coverage so that you do not lose any money if the tenant is unable to get into and out of your building.
These are some of the basic things that you will need to consider when creating a lease agreement. Once you have these points worked out, you can then work on the rest of the details. It can be easy to get carried away and overspend when it comes to this, but you should make sure that you keep it simple and basic.
Free Residential Lease Template Inspirational Free Sublease from example of a sublease agreement, source: archaeologytimes.com
22 Free Sublease Contract Template Sample from example of a sublease agreement, source: nanuetelementarypta.com