A commercial lease in South Carolina is a contract used for the rental of commercial real estate from an owner by a physical or commercial entity. The document must include the monthly rental fee, the duration of the lease, the breakdown of costs and a description of the premises. All special conditions of the contract must be included in the rental agreement, otherwise they will not be legally binding. To ensure that the property meets the owner`s description, the tenant must conduct a full inspection of the property before signing the lease. The landlord wants to lease the rented space to the tenant, and the tenant wants to lease the rented space to the landlord for the duration, at the time of the tenancy and under the agreements, terms and conditions set forth herein. A commercial lease in South Carolina is a binding contract between a company represented by a legal or natural person and an owner who owns non-residential spaces such as retail, office, or industrial. The form can be configured in three (3) different ways; South Carolina Commercial Lease Agreement Realtor Version – This commercial real estate lease can be used by members of the South Carolina Association of Realtors. C. Tenants and landlords must each maintain, at their own expense, one or more comprehensive general liability insurance policies in relation to each person`s respective activities in the building, with premiums paid in full on or before the due date, issued by and binding an insurance company approved by the landlord, such insurance must provide a minimum coverage of at least $1,000,000 provide combined coverage at the limit unique bodily injury.
Property damage or a combination thereof. The landlord will be listed as an additional insured in the tenant`s policy or comprehensive general liability insurance policies, and the tenant must provide the landlord with up-to-date insurance certificates proving the tenant`s compliance with this paragraph. The tenant must obtain the consent of the tenant`s insurers to inform the landlord that a policy must expire at least (10) days before. The owner is not required to maintain theft insurance in the rented premises or in the building. One. The Landlord hereby leases the rented space to the Tenant, and the Tenant hereby leases it to the Landlord for an “initial term” which begins and ends with _____ The Landlord makes every effort to give the Tenant as close as possible to the property at the beginning of the Rental Period. If the landlord is unable to provide the rental rooms on time, the rent will be reduced for the duration of the delay. The tenant does not make any further claims against the landlord due to such a delay. The landlord has the right to enter the rented premises at reasonable times in order to inspect them, provided that the landlord cannot unreasonably interfere with the tenant`s affairs in the rented rooms. During the term of this rental agreement, the tenant has non-exclusive common use with the owner, the other tenants of the building, their guests and guests, unreserved shared parking spaces, walkways and trails, subject to the rules and regulations for their use as prescribed from time to time by the owner. The landlord reserves the right to designate parking spaces inside the building or in reasonable proximity for the tenant and the tenant`s representatives and employees. The lessee must provide the lessor with a list of all permit numbers for cars owned by the lessee, his representatives and employees.
Separate structured parking spaces, where applicable, located above the building, are reserved for tenants of the building who rent such parking spaces. The Tenant hereby leases from the Landlord _______ The Landlord submits part of the in the form _____ This Agreement terminates and supersedes all prior agreements regarding the subject matter of this Agreement. This Agreement may only be modified by another document duly signed by both parties. B. The rent for a renewal lease period, if created as permitted by the lease, is __ is created. Companies will typically negotiate a lease instead of buying commercial property, which will save the business a significant amount of capital that would be better invested in the actual business. Commercial leases can be long and complicated. Since terms can be negotiated in a commercial lease, this can often keep rent inexpensive, even with an extension, if any) Parties should be aware of the content of the documents they will sign and therefore should read each section carefully. It is very important to understand the terms of the lease. .
