What is a commercial tenant?

Reading time: 4 minutes. A commercial lease is a document that sets out the rights and obligations of the owner of a commercial property (known as the landlord or lessor) and a third party that has agreed to occupy the property (known as the tenant or lessee).

What is a tenant in commercial real estate?

Commercial tenants are renters who use property or real estate specifically for business or commercial purposes. This is in contrast to residential tenants who rent places to live. On the other hand, leases for residential tenants must conform to California state laws and leave little opportunity for negotiations.

What makes a good commercial tenant?

The right tenant for your commercial property will be able to make payments on time without leaving you worried or stressed out when payments are due. It’s important to look at financial history and credit history in all potential tenants. Good Business Plans – Good finances are not enough on their own.

Who is a tenant in a commercial lease agreement?

A commercial lease agreement is a contract for a business to rent an office space or other business property from a landlord. The term ‘commercial’ simply means that the lease is for business activities rather than housing. A commercial tenant can be anyone from a sole proprietor with a small, growing business to a major multinational corporation.

Can you buy commercial property with existing tenants?

Buying a commercial property with existing tenants can be incredibly lucrative, but requires heavy research regarding who the tenants actually are, since you’ll have to abide by the lease agreements already set in place.

Where can I find list of commercial tenants?

Among others, LoopNet, CREXi, Catylist, 42 Floors, and CityFeet are all simple examples of websites that let you easily list a commercial property for sale. Below, we’ll continue on to take a look more generally at the different types of commercial tenants and the rights they are afforded.

What are the responsibilities of a commercial landlord in England?

The code for leasing business premises in England and Wales 2007, [5] clearly sets out the responsibilities of commercial landlords and tenants.

A commercial lease agreement is a contract for a business to rent an office space or other business property from a landlord. The term ‘commercial’ simply means that the lease is for business activities rather than housing. A commercial tenant can be anyone from a sole proprietor with a small, growing business to a major multinational corporation.

Can a commercial property be sold with tenants?

Buying a property with its tenants is a bit riskier. Selling a commercial property with tenants can also be a bit more difficult because you’re going to have to find a buyer who is willing to take on those tenants, thus bringing more weight to your sales pitch.

Among others, LoopNet, CREXi, Catylist, 42 Floors, and CityFeet are all simple examples of websites that let you easily list a commercial property for sale. Below, we’ll continue on to take a look more generally at the different types of commercial tenants and the rights they are afforded.

What is the commercial Tenancies Act of 1993?

Amended by Acts 1993, 73rd Leg., ch. 44, Sec. 1, eff. Sept. 1, 1993. Sec. 93.003. COMMERCIAL TENANT’S RIGHT OF REENTRY AFTER UNLAWFUL LOCKOUT. (a) If a landlord has locked a tenant out of leased premises in violation of Section 93.002, the tenant may recover possession of the premises as provided by this section.