Commercial Lease Agreement Template Tennessee

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Has. The lessor thus leases the rented premises to the tenant and the tenant rents the same thing to the lessor for an “initial period”, _____ If the landlord is unable to make the rented premises available on time, the rent is borne by the duration of the delay. The tenant cannot assert any other right against the landlord due to such a delay. C. Tenants and lessors maintain at their own expense one or two policies of comprehensive general liability insurance in respect of the respective activities of each in the building, the premiums being paid in full on the due date or before the due date, issued and binding for an insurance company approved by the lessor, such insurance to offer a minimum protection of at least USD 1,000,000 single limit coverage for Kö rper injuries. Property damage or combinations. The lessor is mentioned as an additional insured in the tenant`s policy or in the comprehensive general liability insurance policies, and the lessee must provide the lessor with the current insurance certificates that attest to the tenant`s compliance with this paragraph. The tenant must obtain the agreement of the tenant`s insurers to inform the landlord that a policy must expire at least (10) days before. The lessor is not required to maintain insurance against theft inside the rented land or building. In addition to the base rent, most tenants end up paying a little more (or a lot) more per month because they have to pay for other expenses. The additional amount to be paid depends on the type of rental contract chosen.

Available options include gross, net, modified leasing and leasing percentage. The lessee has the right to transfer this lease to a company with which the lessee may merge or consolidate, without the consent of the lessor, to a subsidiary of the lessee, to a company under common control with the lessee or to a buyer for the bulk of all the tenant`s assets. Except as stated above, the lessee may not sublet all or part of the rented premises or assign all or part of this rental agreement without the agreement of the lessor, such consent not being inappropriately refused or delayed.. . . .