Lease ROFO released. As used in this paragraph 46 „much more favourable”, this means that the net economic conditions of the lease are greater than 5% (5%) from the point of view of such a third party, better than the net economic conditions that were offered to the tenant in the last place. EARLY POSSESSION: The tenant is entitled to the property of the premises see the addendum . If the tenant is in possession before the effective date, during this period (i) tenant is not obliged to pay the basic rent, and (ii) tenant ☐ is ☒ is not required to pay the rent other than the basic rent. Whether or not the tenant is required to pay the rent before the effective date, the tenant is required to comply with all other conditions of this agreement. The California commercial lease is a document used to lease a property to a tenant who needs retail, office or industrial space. Often, a landlord will not see rent until the company in question has started to generate sufficient income. For this reason, the owner is advised to research the business before establishing a lease. In general, there are three types of commercial leases that are used when entering into a landlord-tenant relationship; described below.

LATE LOADING; INTERESTS; NSF CHECKS: Tenants recognize that either late payment of rent or issuance of an NSF cheque can result in costs and expenses for landlords whose exact amount is extremely difficult and in practice to determine. These fees may include, among other things, processing, execution and accounting costs, as well as late fees for the lessor. If rent owed by the tenant is not received by the landlord within 5 calendar days of the expiry of the rental date, or if a cheque is returned, the tenant pays the landlord, i.e. $200.00 as a late fee, plus 10% interest per year on the amount of the bill and $25.00 as NSF fees considered an additional rent. Landlords and tenants accept that these fees are a fair and equitable estimate of the costs that can be borne by the landlord due to the late payment of the tenant or the NSF. Each delayed fee, interest due or NSF fee is paid at the current rent rate.