Stand lease (salon) – The tenant pays the owner of a business, usually a salon, for the use of a stand or surface for hair cutting/dyeing, massages, cosmetics or nails. Unlike a residential lease, a commercial lease assumes that the property is used for commercial purposes and not for residential purposes. The property that is rented can be a simple office, an entire building, an independent retail business, a new restaurant, or even a large warehouse for industrial use such as a production plant or a self-storage establishment. If the property for rent is part of a larger building, the owner may address particular concerns and obligations regarding common areas such as car parks or lobbying areas. B. The tenant may extend the lease for an extended period of [extension]. The tenant exercises this renewal option, if any, by informing the lessor in writing at least ninety (90) days before the expiry of the initial term. The renewal period is made at the rent indicated below and, moreover, under the same conditions, conditions and provisions provided for in this rental contract. Commercial leases are much more complicated than housing rental contracts because the terms are negotiable and flexible.
To learn more about the commercial lease and its responsibilities and rights vis-à-vis each party, check out the rest as we explain everything. B. Rent for a renewal period, provided that it has been established in accordance with this lease agreement, i.e. [annual rent extended] per year, payable in instalments of [monthly rental amount] per month.