Chicago Commercial Lease Agreement

There are a few other aspects of the lease that should be included in the agreement. This includes: C. Tenants and landlords each maintain a general liability insurance policy or policy for each person`s activities in the building with premiums paid in full at maturity, issued and compulsory by a lessor-approved insurance company, such insurance that offers minimum coverage of at least $1,000,000 single limit for personal injury. , property damage or combination. The landlord is listed as an additional insured in the rental policy or in general liability insurance, and the tenant provides the lessor with up-to-date insurance certificates guaranteeing compliance with this paragraph by the tenant. The tenant receives the consent of the tenant insurers to inform the landlord that a policy must expire at least (10) days before. The landlord is not required to maintain insurance against theft in the rental premises or in the building. One of the best aspects of a commercial lease is that they can be much more robust than standard leases. Commercial leases are specifically designed for the cooperation between an owner and a contractor and provide a stable framework that can be used to ensure that the business owner has a stable place where he can do business. These are considered more powerful than traditional leases, as a commercial lease can easily last ten years, unlike regular leases lasting one or two years.

B. Die Miete für eine Verlängerungsleasinglaufzeit, sofern sie wie unter dieser Lease zulässig erstellt wird, beträgt ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Der Vermieter würde sich wahrscheinlich wünschen, dass die Gewerbefläche ausschließlich für einen bestimmten Zweck genutzt wird, z. B. fer ein Boro. Even if zoning laws allow for other uses, the owner wishes to include in the lease agreement that the commercial space is used only for the specific purposes of the owner and is not used for other purposes.