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You are at:Home»Economy»Features of the lease of non -residential premises

Features of the lease of non -residential premises

July 11, 2018

One of the key issues occupying both the tenant and the lessor is payment. The lease of non -residential premises necessarily stipulates the amount of payment, based on the rates per 1 sq. m. per year, or for all rooms as a whole for a certain period. In addition, the amount of rent sometimes includes expenses for the payment of utilities provided, or the lessor himself gives the tenant the obligation to pay utility bills, as well as other services – the phone, the Internet, satellite television, and so on.

The amount of rent is set when signing the contract, and a special item stipulates the lessor’s rights to change the amount of payment with a certain frequency – annually, quarterly and so on. The tenant can reduce the amount of payment, if during the operation of the premises, his condition worsened for the reasons beyond the control of the tenant. The lessor has the right to break the contract if the tenant does not fulfill his obligations on timely payment for rent.

Also, the tenant comes into his own after signing the lease agreement in accordance with the transfer act, which prescribes the condition of the premises, as well as an inventory of all property transferred to use.

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