Nebraska Commercial Lease: Types, Key Terms To Know, Costs

Reviewed for legal accuracy by Forest Hamilton JD

Quick Facts — Commercial Lease Lawyers

The Nebraska commercial lease is a formal agreement between a commercial tenant and an owner for a property with business-related uses. The agreement is used for leasing warehouses, storefronts, office spaces, etc. It outlines the terms and conditions of the rental agreement, such as rent payment, lease duration, renewal, late fees, etc., that both the landlord and the tenant must abide by during the lease tenure.

The Nebraska commercial lease becomes legally binding once both parties sign it and become enforceable in a court of law. A commercial lease is more complicated and expensive than a residential lease.

What You Need to Know About Nebraska Commercial Lease

  • There are different types of commercial leases. A percentage lease is where the tenant pays a percentage of the earnings of the business, a triple-net lease is where the tenant pays insurance and taxes on the property and a gross lease is where the tenant pays only the rent.
  • Landlords must present disclosures like lead paint usage for buildings predating 1978 and any authorization to enter into a rental agreement on behalf of the landlord must be disclosed to the tenant.
  • Landlords must mention a breakdown of the various utilities and services like mobile, water, sewage, and electricity present in the unit.
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Key Terms Related to Nebraska Commercial Lease

The parties signing a commercial lease must understand a few key terms before seeking legal assistance in signing lease agreements.

  • Term: The term period of the lease. Commercial leases have a longer term as businesses tend to stay in a single location for a longer time.
  • Base Rent: The predetermined minimum amount that the business tenant must pay every month.
  • Free Rent: The number of rent-free months a commercial landlord offers to a tenant.
  • Turnkey: A space or property ready for accommodation.
  • Usable Square Feet: A common area shared between tenants with usable square feet.

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Frequently Asked Questions

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Mark P. on ContractsCounsel
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Mark P.

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Bastrtop, TX
11 Yrs Experience
Licensed in NE KS, MO, TX
University of Missouri - Kansas City

I represent a diverse mix in a vast array of specialties, including litigation, contracts, compliance, business and financial strategies, and emerging industries. Credit for this foundation of strength goes to those who taught me. Skilled professors and professionals fostered my powerful educational and professional background. Prior to law school, I earned dual Bachelor’s degrees in Business Administration & Accounting from Peru State College. I received a Master of Business Administration degree from Chadron State College. My ambitions did not stop there. While working full time as a Senior Accountant for the University of Missouri, Columbia, I achieved the lifelong goal of becoming a licensed Certified Public Accountant (CPA). Mizzo provided excellent opportunities and amazing experiences. Managing over $50M in government and private research funding was a gift. As a high ranking professional in the Department of Research, I was given priceless insight into the greatest scientific, journalistic, medical, and legal minds in the world. My passion for successful growth did not, and has not stopped. I graduated summa cum laude (top 3%) with a Doctorate in Law, emphasizing in urban, land use and environmental/toxic tort law from the University of Missouri, Kansas City. This success lead to invaluable experiences of serving as Hon. Brian C. Wimes' judicial clerk for the U.S. District Court for the W. D. of Missouri, as a staff editor/writer for UMKC Law Review, and as a litigation and transactional attorney with Lathrop GPM (fka Lathrop & Gage). My professional and personal network is expansive, with established relationships throughout the U.S. and overseas. Although I engage in legal practice all over the country, I maintain law licenses in Missouri, Kansas, and Nebraska. Federally, I hold licenses in the W.D. and E.D. of Missouri and the District of Nebraska. To offer extra value, efficiency, and options, I maintain a CPA license and am obtaining a real-estate brokerage license.

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Litigation

Commercial Lease

Texas

Asked on Apr 14, 2023

What's the survival clause in a commercial lease?

I am looking to enter into a commercial lease for my new business. I am unfamiliar with the terms of a commercial lease, and am particularly interested in understanding the survival clause. This clause is important to me because I want to make sure I am fully aware of my rights and responsibilities as a tenant. I need to know what is expected of me should the lease be terminated prematurely.

Curt L.

Answered Apr 28, 2023

A survival clause is fairly standard in a lease. It extends the effectiveness of certain provisions, such as party representations, warranties, promises, and covenants beyond the expiration or termination of the lease, but not beyond the legally prescribed statute of limitations. For example, If you make a fraudulent representation in a 1-year lease, the other party to the lease who is damaged by your fraud could still sue you for that fraud even after the end of the 1-year lease.

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Florida

Asked on Apr 21, 2023

What's the force majeure clause in a commercial lease?

I am a small business owner who is in the process of signing a commercial lease for my business. I am concerned about the implications of force majeure clauses in the lease and would like to understand them better. I have read through the clause, but am not sure if it covers all of the situations that may arise and if there are any additional considerations that I need to take into account. I would like to understand the full implications of the clause and any additional steps I should take to protect myself.

Moss S.

Answered Apr 28, 2023

Force majeure is a provision that usually allows either party to delay completing an obligation in a lease. Force majeure is described as an act that is beyond the control of either party, such as a natural disaster, terrorism, or pandemic.

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Commercial Lease

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Asked on Apr 17, 2023

What's the parking situation in a commercial lease?

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Diane D.

Answered Apr 18, 2023

The only way to answer this question is to have an attorney read the lease.

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Asked on Apr 25, 2023

What's the entire agreement clause in a commercial lease?

I am a small business owner who recently signed a commercial lease for my business premises. I am concerned about the “entire agreement” clause in the lease, as I am not sure what it covers and what the implications are for me and my business. I am looking for clarification on the clause and any potential risks associated with it.

Matthew S.

Answered Apr 27, 2023

This is a contractual provision which aims to prevent the party relying on it from being liable for any statements or representations (including pre-contractual representations) except as expressly set out in the agreement. It generally precludes the introduction of parol evidence or evidences of other agreements that are not in writing.

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Asked on Mar 8, 2022

Need flat rate to do sub lease Kiosk at mall in Miami

Renting Kiosk as a sub leaser, need to verify contract and seeking a Flat rate.

Moss S.

Answered Mar 15, 2022

I have been a commercial real estate attorney for over 30 years. I can review the agreement, and negotiate and draft any revisions. Considering it is in a mall, I am guessing that it is with a major retail landlord which would require review of the underlying lease. I can give you a flat rate once you request a proposal.

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