More information on commercial rentals – Reaction to COVID-19 The law has been amended in recent years and came into force on January 1, 2013. All of these changes do not apply to leases entered into before that date. We have created a series of commercial leasing publications to answer frequently asked questions about the law, which have been concluded specifically for lease agreements concluded before and after January 1, 2013. The rental thread provides information to retail/commercial tenants who are covered by the law to help them understand their rights and obligations. Other costs related to renting commercial premises should also be taken into account in your negotiations. These fees are in addition to the rent and can be significant. In some cases, they may be permanent and increase during the lease. Some of the usual additional costs are as follows: if a market lease check applies when exercising an option to renew your lease, it is important, before making a decision, to first set the market rent with the lessor to ensure that the proposed rent is acceptable and economically profitable. Negotiating an economically viable lease requires that you know and understand the main terms and conditions of the lease clauses. The SBDC can provide general advice on commercial rentals.
To which cases does this law apply? The law focuses on retail trade; However, rental contracts for certain non-businesses, such as.B. shopping mall businesses and other specific businesses, are also covered by the law. . . .