Part $2$ Commercial Lease

Use the Sample Commercial lease with explana$$ons to answer the following $10$ ques$$ons$.$

$1.$ Why is it important to clearly document the exact square footage of the tenant$$s space in the

lease? $($Sec$$on $2$: Premises$)$

$2.$ What is the difference between the $$Occupancy Date$,$ the $$Effec$$ve Date$,$ and the

$$Commencement Date$?($Sec$$on $3$: Lease Term and Sec$$on $4$: Rent$)$

$3.$ What two cost increases is the Landlord able to pass along to the Tenant as $$addi$$onal rent$$ per

the terms of the sample lease? $($Sec$$on $6$: Rent Adjustment$)$

$4.$ Based on the terms of the sample lease agreement how o$$en and by what method is the Base

Rent increased? $($Sec$$on $6$: Rent Adjustment$)$

$5.$ How much no$$ce does this lease require the Tenant give the Landlord if the Tenant is going to

exercise its Renewal Op$$on$?$ If you are the Landlord, why might you want an even longer no$$ce

period? $($Sec$$on $7$: Renewal of Lease Term.$)$

$6.$ Sec$$on $10$ includes language that specifies what uses of the space are permited and prohibited.

What are some reasons that you think it is important to the Landlord that both permited and

prohibited uses are agreed upon in the lease? $($Sec$$on $10$: Use of Premises$)$

$7.$ Why do you think a landlord would require the Tenant to obtain Landlord prior writen consent

before the Tenant makes any altera$$ons or addi$$ons to the premises? $($Sec$$on $16$: Landlord$$s

Access$)$

$8.$ Based on the terms of the sample lease agreement what remedies does the Landlord have if the

Tenant defaults? $($Sec$$on $19$: Default$)$

$9.$ Based on the terms of the sample lease agreement what remedies does the Tenant have if the

Landlord defaults? $($Sec$$on $19$: Default$)$