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Nevada Commercial Lease

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A Nevada commercial lease is a signed contract between a business tenant and a landlord for property rental purposes. The contract helps outline the terms and conditions between both parties for a specific tenure.

The commercial lease is of utmost significance because it also protects the rights of the landlord and the tenant. The lease is applicable for business purposes. The Nevada commercial lease falls under this category and applies to the residents of the US state of the same name.

What Is the Nevada Commercial Lease?

The Nevada commercial lease is a contract that formalizes the rental arrangement between a tenant and a commercial landlord. The contract includes multiple sections that outline the terms and conditions related to the agreement, such as lease duration, rent amount, subleasing, renewal, additional fees, etc.

The Nevada commercial lease is a significant contract because it allows a business organization to use a commercial space in exchange for rent from the owner or the landlord.

Key Terms Related to The Nevada Commercial Lease

Commercial leases are more complicated than residential leases and require an understanding of the terms to ensure zero future disputes.

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Here is a glossary of key terms related to the Nevada commercial lease.

  • Agreement: A decision or contract two or more people make together.
  • Lessor: An individual who gives a share of the land or building for lease.
  • Lessee: An individual with a rental agreement to use an area or a building.
  • Premises: Land or a building an individual owns for business purposes.

Bottom Line

The Nevada commercial lease is a formal agreement that helps outline the terms, rules, and provisions between parties for a rental arrangement. Due to its complexity, it is recommended to seek legal assistance in drafting and reviewing the lease.

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James M. on ContractsCounsel
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James M.

Owner/Founder
Free Consultation
Boise, Idaho
6 Yrs Experience
Licensed in CA, ID, NV, OR, WA
Stanford Law School

Reproductive law attorney focused on reviewing surrogacy contracts and sperm/egg/embryo donation contracts.

Christina M. on ContractsCounsel
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Christina M.

Legal Consultant
Free Consultation
Las Vegas, NV
17 Yrs Experience
Licensed in NV
UNLV Boyd School of Law

I am a regulatory transactional attorney with 16 years of in-house experience, largely in the gaming/gambling industry. I have negotiated various types and sizes of contracts from janitorial services for a small commercial building to multi-million dollar technology transactions. I also have a strong regulatory background that strengthens my ability to navigate contracts that are subject to stringent regulations.

Jared F. on ContractsCounsel
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Jared F.

Managing Attorney
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Salt Lake City, UT
20 Yrs Experience
Licensed in NV, UT
Harvard Law School

Jared Fields is an experienced business lawyer and litigator with experience in diverse industries and practice areas. Prior to launching his own practice, he served as the chief legal officer for a group of privately-owned companies, including a real estate development group, construction companies, multiple franchisees, and a professional soccer team. As a result, he is experienced in real estate transactions, commercial agreements of varying degrees of sophistication, employment matters, and litigation, as well as general business legal advice. He was also an in-house attorney for a renewable energy company, where he was responsible for litigation, investigations, enforcement actions, and related securities filing disclosures. Mr. Fields also spent many years as a litigator in private practice, representing clients in matters ranging from securities litigation, to breach of contract, to cases involving real estate and financial services. Mr. Fields has particular experience in legal matters that may involve complex financial, accounting, valuation, and other quantitative issues.

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Jocelyne U.

Attortney
Free Consultation
Las Vegas, Nevada
22 Yrs Experience
Licensed in MI, NV
University of Detroit Mercy

Jocelyne Uy graduated from law school in 2002 where she began her career in insurance defense where she practiced a wide range of issues relating to insurance policies and claims. Identifying a need for representation for those working cross border, Jocelyne understood the unique interplay of the laws of Canada and the U.S. and started her first firm in Michigan focusing on Canadian American immigration and tax law. Jocelyne and her partner realize that Nevada residents continuously face challenges in finding affordable and accessible representation to assist with their debt issues. Because of these challenges and continuous shifting economy, they are committed to assisting anyone who finds themselves struggling to handle the debt and credit cycle that often feels hopeless and endless. Jocelyne's firm has assisted clients in post-COVID financial crisis ranging from credit card debt, student loan debt, and COVID unemployment repayment hearings.

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Keren G.

Partner
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New Orleans
16 Yrs Experience
Licensed in CA, LA, NV
University of California, Davis School of Law

Keren E. Gesund has extensive litigation expense. She has successfully defended and prosecuted claims against debt collectors, banks, credit reporting agencies, subcontractors, manufacturers and consumers who have suffered harassment or injury. She handles contentious business and commercial cases for both plaintiffs and defendants in state and federal court.

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Jessica G. on ContractsCounsel
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Jessica G.

Attorney
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Las Vegas, Nevada
8 Yrs Experience
Licensed in NV
William S. Boyd School of Law

Nevada Attorney with experiences in outside general counsel representation, contract drafting, and civil litigation.

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Commercial Real Estate

Commercial Lease

North Carolina

Asked on Apr 26, 2023

How is the rent determined in a commercial lease agreement?

I am a small business owner looking to rent a space for my business. I am currently in negotiations with the landlord of a commercial property and we are discussing the terms of the lease agreement. We have reached a point where we need to discuss the rent and how it will be determined. I need to understand more about how rent is determined in commercial leases so that I can negotiate a fair and reasonable agreement.

N'kia N.

Answered May 19, 2023

In North Carolina, commercial rent is commonly calculated as a set dollar amount per square foot. This dollar amount is usually based on factors like location, age, condition, accessibility, and amenities. However, there is no requirement for rent to be determined this way. Unlike a residential lease agreement, the terms of a commercial lease agreement can be almost anything that the parties mutually agree to. As a word of caution, in North Carolina, commercial tenants do not have the same degree of legal protections as residential tenants. For just one example, a tenant who wishes to terminate a commercial lease early may be responsible for the entire remainder of the rent unless the lease agreement says otherwise.

Read 1 attorney answer>

Commercial Real Estate

Commercial Lease

Massachusetts

Asked on Apr 17, 2023

Can the tenant assign the lease to another business?

I am a business owner who recently signed a commercial lease for a retail space. I was recently approached by another business who is interested in taking over my lease, and I am wondering if I am able to assign the lease to them. I am looking to understand the legal implications of assigning the lease, as well as any other requirements or restrictions I should be aware of.

Joseph M.

Answered May 12, 2023

In Massachusetts, a commercial tenant can assign or sublet the unit to a third party - UNLESS there is a specific prohibition in the current lease. However, even if there is such a prohibition, it might still be worth speaking to the landlord about since it might be mutually beneficial.

Read 1 attorney answer>

Real Estate

Commercial Lease

Florida

Asked on Apr 13, 2023

How long is a typical commercial lease agreement?

I am a small business owner looking to expand my operations, and I am considering leasing a commercial space. I understand that commercial lease agreements vary in length, but I am unsure how long the typical agreement is. I would like to know this information so I can better plan for my business needs and budget.

Moss S.

Answered Apr 28, 2023

The term of a commercial lease typically is no less than 3 years, and could be either 5 or 10 years. Both the Landlord and Tenant usually like long term leases.

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Real Estate

Commercial Lease

Florida

Asked on Apr 17, 2023

What's permitted alterations in a commercial lease?

I am a small business owner looking to rent a commercial space for the first time. I am considering signing a commercial lease and want to know what kind of alterations are allowed in the agreement. I would like to avoid any potential legal issues or disputes in the future by clarifying what is permitted before signing the lease.

Moss S.

Answered Apr 28, 2023

Usually permitted alterations are cosmetic, and non-structural in nature. Often times the Landlord will require the Tenant to submit plans, or in the alternative the lease will describe the fit and finish that would be allowed.

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Small Business

Commercial Lease

North Carolina

Asked on Apr 22, 2023

What's the repair responsibility in a commercial lease?

I am a small business owner in the process of signing a commercial lease for a retail space. I am trying to understand my responsibilities as the tenant regarding repairs and maintenance of the property. I want to make sure I understand what my repair responsibility is in the lease before signing it.

N'kia N.

Answered May 30, 2023

In a North Carolina commercial lease agreement, it is common for the landlord to be responsible for major maintenance and repairs (including structural issues) and the tenant to be responsible for minor maintenance and repairs (including general wear and tear). However, the landlord and the tenant may agree to alternative arrangements in the written lease. The best way to more fully understand your specific maintenance and repair responsibilities under a specific lease agreement is to have an attorney review the agreement and discuss it with you. Good luck!

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