Once the tenant has been approved by the landlord, the deposit must be communicated to the tenant. When it comes to residential real estate, there are state laws that limit the amount a landlord can charge the tenant. When it comes to commercial real estate, there is no limit to how much the landlord wants to charge the tenant. If the commercial tenant runs a public store and hires more than 15 people, the Americans with Disabilities Act (ADA) applies and requires that doors be widened or ramps installed. Does the landlord or tenant have to pay for these changes? Find out who is responsible for ADA compliance and be sure to remember your decision in writing. Periodic lease agreement: A periodic lease may consist of weeks, months or years and continues until one of the parties terminates the lease. The most common type is the monthly lease. A landlord can normally increase the rent and change the conditions if they properly inform the tenant. Fixed date rental: this type of leasing indicates the exact end date of the rental agreement. This is advantageous for both parties, as the duration of the lease is fixed in advance, the rent cannot be increased during this period, and no changes to the lease can be made unless the lessor adds a clause in the rental agreement and the tenant agrees. Auto-renewal lease agreement: a lease based on an automatic extension means that the lease continues under the agreed terms until either the lessor or the tenant terminates the contract.
They include many other provisions of the contract to protect both the owner and the business.