34. That, taking into account the agreed rent and all payments to be made to the FIRST PARTY under this contract, the second party is regularly paid and that other conditions and agreements, as respected and performed by the SECOND PARTY, will peacefully enjoy the abandoned premises during the term of this sublease agreement, without interruption by the first part. This lease is a pro-Tenant lease agreement under which the tenant builds the premises according to his standard store plans and pays the lessor both the minimum rent and the percentage of rent. The lease agreement allows for assignment by the tenant to a third-party developer who builds the improvements and then leases the improved premises to the tenant, subject to inheritance law. 36. That all the costs of affixing, deepening and registering this sublease agreement are borne by PART TWO. 4. The security paid by THE SECOND PARTY under this Agreement shall be reimbursed without interest, after an amount, the costs for each account and also for maintenance/electricity, breakage and damage, if any, have been adjusted by the SECOND PARTY after the expiry of the sublease agreement or after its previous fixing. At the same time as the transfer by THE SECOND PARTY of the empty and peaceful ownership of the dismantled premises to the first part. However, upon the expiration of this sublease agreement, PARTY TWO will return the empty physical property of the dilapidated premises to their original condition, after removing all furniture and furnishings installed by PARTY TWO at its own expense, without damaging the dilapidated premises. 33.
If, at any time during the term of the sublease agreement, the FIRST party sells and/or transfers its inheritance rights on the expired premises in whole or in part to one person or more than one person, the SECOND PARTY will in that case go to that buyer or buyers under the same conditions as those contained in this contract; and the FIRST PARTY shall ensure that such prospective buyer or prospective buyer materializes under the terms of this Agreement. If the tenant violates the rental agreement, the lessor can usually expedite the rent and ask the tenant to immediately pay the rent that would be due during the remaining term of the lease. However, the lessor is required to reduce this penalty by attempting to rent the space again. The rent that the lessor receives under a new lease helps offset the amount owed by the defaulting tenant. Depending on the age of the building, it is not uncommon to have a demolition clause in the lease. If the demolition clause is less than a certain time (that is: It would therefore be advisable not to invest a lot of money in tenants` establishments and in improving rents. This retail rental agreement is designed for a gourmet and wine gastronomic market with a bakery that is part of its operation. The lease applies to the entire building and gives the tenant three five-year options beyond the initial term for market-compliant rents.
The tenant may require that the lease include a “renewal option” clause that provides the option to remain in the room when the original lease ends.. . . .Back to Blog