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Oregon Commercial Lease

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Reviewed for legal accuracy by Forest Hamilton JD

An Oregon commercial lease is a fixed contract between the property owner and the tenant clearly stating their agreement in leasing a property. Therefore, all the terms and conditions decided between the two parties concerning the property, such as rental cost, maintenance charges, commercial tax, etc., are present within the contract.

Before signing the Oregon commercial lease, there are many factors that you must consider apart from selecting the perfect location. For example, you must sign a commercial lease to use the property for business purposes.

Things to Remember Before Signing the Oregon Commercial Lease

From a legal point of view, here are the things to be done before signing the contract-

  • Do a Survey Check

    Once you finalize the property, it is important to conduct a survey check. For example, you must know about the water supply, if there are frequent electricity outbursts, the structure of the property, etc. In case the structure of the property is weak, you would also need to invest money in repairing the property. Conducting a survey check helps you understand the finances and determine whether or not the property is worth the rental amount.

  • Verify All the Documents

    There are many fraudsters in the market. Therefore, it is important to get all the documents verified, such as the property ownership papers, the legality of the property, the total square area stated in the government records, etc. Getting the documents verified helps you be safe and make an informed decision.

  • Discuss the Terms and Conditions with the Opposing Party

    While drafting the contract, you must thoughtfully discuss all the terms and conditions. Generally, both parties have a meeting and put their points forward. In case of a contradiction, they discuss and negotiate the terms. Once finalized, the terms are drafted within the contract and reviewed. In case of discrepancies, you can repeat the same process. Some common terms and conditions discussed are duration, rental cost, the due date of payment, maintenance cost, taxes, insurance, etc.

The first thing you must do before signing the Oregon commercial lease is consult a lawyer. A lawyer is experienced with the right skills and knowledge to help you with any legal proceedings. They play a major role in drafting the contract and saving you from legal complications.

Key Terms

  • Contract Duration - Contracts are only valid for a limited period. It is known as the contract duration. In the case of a commercial lease, it is generally between three to five years.
  • Rental Cost - The amount payable by the tenant to the property owner for using the property.
  • Maintenance Charges - Society generally demands a certain amount for using their services, such as society lights, lifts, etc.
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Conclusion

Signing a commercial lease contract is compulsory for tenants in Oregon to conduct any form of business in the rental property. Since a contract is a legal proceeding, errors made within the contract may cause serious problems. Thus, it is advisable to hire a lawyer to help you draft the Oregon commercial lease. To get the best lawyers, check out the services offered by Contracts Counsel.

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Jeff C.

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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!

Read 1 attorney answer>

Real Estate

Commercial Lease

Ohio

Asked on Apr 20, 2023

How is the lease renewed at the end of the lease term?

I am a small business owner who recently signed a three-year commercial lease for my business. I am looking to understand the process of renewing the lease at the end of the three-year term. I am interested in learning more about the process, the timeline, and what I need to do to ensure that I can continue to operate my business at this location.

Paul S.

Answered Apr 21, 2023

If your lease has a renewal option, then you renew by following that process, which involves giving notice during the specified time frame. If you did not include a renewal option in your lease, then you'll need to contact the landlord 6-12 months before the end of the term, and inform the landlord that you want to renew the lease. Then you'll have to negotiate the terms with the landlord.

Read 1 attorney answer>

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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Commercial Real Estate

Commercial Lease

Maryland

Asked on Apr 27, 2023

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.

Answered Jun 1, 2023

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.

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Real Estate

Commercial Lease

Texas

Asked on May 12, 2021

What is a triple net lease?

I want to understand these better.

George O.

Answered May 12, 2021

A triple net lease designates the tenant (lessee) as having the sole responsibility for any and all costs associated to the asset being leased in the agreement, with those costs being the net real estate taxes on the leased asset, net building insurance, and net common area maintenance. The lease received its name from the three “net” fees and may also be called a Net-Net-Net Lease.

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