Basic Lease Information

The lease between the tenant and landlord clearly defines the responsibilities and rights of the tenant and landlord with respect to each other and the property.

For ease of quickly grasping some of the most important information from the lease we provided the "Basic Lease Information" page and the "Lease Terms & Options" page.

The Basic Lease Information page lists:

1. The unit/suite#
2. The unit/suite size in sq.ft.
3. The "Use of the Premises". This is usually found in the tenant's lease. A common example is "Suite is to be used for general office use only."
4. Any exclusive rights the tenant has to the shopping or office center. An example is a sushi restaurant in a shopping center that has exclusive rights for the operation of a sushi restaurant.
5. Any explicit restrictions on the use.

See below is a screenshot of the Basic Lease Information page

In my next post I'll outline what the "Lease Terms & Options" page contains and its purpose.

For more information you can read NOLO's write-up at on leases here