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Know All About Commercial Office Leases

Commercial leases can be a bit excessive when it comes to understanding their contents, especially for beginner’s commercial office space tenants. However, there are certain clauses to be alert for in the lease that will determine how you can get involved in your lease.

The lease and assignment clause two parts that you will often find in a commercial lease. Both clauses let tenants know how they can occupy their lease and whether or not someone else may come into possession with their permission.  You can visit to know about commercial office leases.

Here are some things that you as a tenant should know:

1. What is the Difference Between a Lease and Assignment?

There is a clear difference between subleases and assignments in a commercial lease. A lease is when the tenant office space transfers only a portion of the lease term of their office space to another.

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On the other hand, in a situation of duty, office tenant transfers their whole interest in the remainder of their lease to another individual. Some landlords will enable one, both, or neither. It basically depends on the individual owners and often what areas the trend today is related to the duties and subleases in commercial leases.

2. What Do The lease and Duty Clause Contain?

This clause contains all the factors surrounding these two types of transfer tenants. In general, this section will either state that the tenant is allowed to sublease or assign the property to lease them or that they should refrain from doing so.

3. Is this Clause Negotiable?

This clause is usually item negotiated in the lease. It never hurts to ask the owner of your future, whether or not you can change the provisions of the lease and assignment clauses. A tenant representative can help you to make this request and provide a valid argument for why certain changes or requests should be granted.