Duration Of A Lease Agreement

Industrial leases have a minimum duration of six years and are exclusively for professional activities (excluding commercial, artisanal, industrial and agricultural activities). The tenancy agreement can be terminated by the tenant at any time with six months` notice. In most cases, leases are considered “month to month” and automatically extend to the end of each period (month), unless the tenant or lessor has not noticed another. With a tenancy agreement, the landlord and tenant are free to change the terms of the contract at the end of each monthly period (if the corresponding termination procedures are followed). A person/company or organization may also occupy premises as part of a licensing agreement. Unlike a lease agreement, a licence does not transfer interest to the estate or interest in the premises to the licensee. It simply gives them permission to occupy the premises for a fixed period of time. A license is personal for the licensee and cannot be disclosed to third parties. The length of the lease and the amount of the monthly rent are recorded and cannot be changed. This ensures that the landlord cannot arbitrarily increase the rent and that the tenant cannot simply leave the property whenever he wishes without re-reading. Because of the short-term duration of a rental agreement, they allow much more flexibility in rent increases.

Technically, the rent can be revised each month with a rental agreement in order to remain in compliance with the current fair market rent, provided that the rent increases are in accordance with local law and the termination rules that govern the monthly rent. Let us now consider the pros and cons of a lease: the narrower term “rental” describes a lease agreement where the material land is landed (including in each vertical section such as airspace, building floor or mine). A premium is an amount paid by the tenant for the granting of the lease or to insure the former tenant`s lease, often to ensure low rent, in long contracts called basic rents. For parts of the building, it is more common for users to also pay a service fee by contract or by the same contract, which is normally an explicit list of services in a rental agreement to minimize disputes over service charges. A gross tenancy or rent provides rent that applies to the overall fixed-term amount, including all service charges.