Commercial Real Estate
Net Lease
Maryland
Is the landlord responsible for maintenance and repairs in a net lease agreement?
I recently signed a net lease agreement for a commercial property, and I am unsure about the extent of my responsibilities as a tenant when it comes to maintenance and repairs. The lease states that I am responsible for all operating expenses, but I want to clarify if this includes regular maintenance and repairs, or if those obligations fall on the landlord. I want to understand my rights and obligations before I proceed with any costly repairs or maintenance tasks.
Answers from 1 Lawyer
Answer
Commercial Real Estate
Maryland
Sara S.
ContractsCounsel verified
Hi, Your responsibilities as a tenant will be identified in the lease. Such responsibilities will probably include some maintenance and repairs while the landlord is likely responsible for structural soundness, essential services and common area maintenance of the property. Reviewing the lease with a qualified Maryland attorney will give you much more insight.
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Can a tenant terminate a net lease agreement before the end of the term?
I am currently leasing a commercial property under a net lease agreement, where I am responsible for paying rent as well as a share of property expenses such as taxes, insurance, and maintenance costs. However, due to unforeseen circumstances, my business is struggling and I am considering terminating the lease before the agreed-upon term ends. I am unsure if this is legally possible under a net lease and I need clarification on my rights and any potential consequences or penalties involved in terminating the lease early.
Thomas D.
Unless the landlord failed to maintain the property or failed to abide by other terms of the lease, the tenant cannot normally terminate a lease early. I would need to review the lease. Tom
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Can the tenant make alterations to the property?
I am a tenant of a commercial property and I am interested in making some alterations to the property. I understand that I will need the landlord's permission to make these changes, but I am unsure of what the landlord's policy is regarding tenant alterations and what the legal implications of making such changes might be. I am looking for clarification on the tenant's rights and obligations when making alterations to a commercial lease agreement.
O.T. W.
Hello! There should be an alterations clause in your lease that speaks to what is or isn't allowed in your space. Your safest bet is to have your landlord review and sign a letter of consent for more substantial improvements (beyond paint, mounting items, etc.)
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Commercial Lease
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Can the tenant make changes to the property's signage?
I am looking to rent a commercial property for my business and have recently come across a potential property. The lease agreement states that the tenant is not allowed to make any changes to the property's signage. I am interested in understanding if there are any exceptions to this rule and if the tenant can make changes to the signage.
Michael C.
Standard commercial lease template includes language about the nature and extent of modifications tenants can make to a property. In this instance, there's no legal or regulatory exception that is going to protect you from a restriction in the lease. Your best bet is to negotiate directly with the landlord for a modification to the lease terms.
Read 1 attorney answer>Commercial Real Estate
Commercial Lease
Maryland
What are the notice requirements for terminating the lease?
I am a business owner who recently signed a commercial lease for a property. I am looking to terminate the lease but am unsure of the notice requirements I must adhere to in order to do so. I would like to know what the notice requirements are for terminating the lease so that I can ensure I do not breach the terms of the lease.
Michael C.
The notice requirements for terminating a commercial lease in Maryland are going to vary depending on the specific terms of your lease agreement. Please read and refer to your lease. If your lease is month to month, then it's likely you'll have to provide at least 30 days notice. If your lease is for a longer term (6 to 12 months), it's likely you'll have to provide at least 90 days notice, and may need to pay damages for breach of the lease agreement.
Read 1 attorney answer>Commercial Real Estate
Purchase Agreement
Washington
Are purchase agreements confidential?
I recently made an offer to purchase a commercial property and the seller has asked me to sign a purchase agreement. I am unfamiliar with the terms of the agreement and want to make sure that it is kept confidential. I am concerned about the potential for the details of the purchase agreement to be publicly disclosed and want to know if purchase agreements are confidential.
Merry K.
I hope that you used the assistance of a WA State commercial real estate attorney to advise you in the writing and presentation of your offer to purchase a commercial property, as these can be extremely complicated. (Or, at the very least, I hope you were represented by an experienced and knowledgeable buyer's agent). To my knowledge, this type of PSA agreement is not required to be confidential unless you included that language in your offer. Please be aware that once the sale closes, the amount of the purchase price will be public information, in county records.
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