When you enter a commercial lease as a tenant, following the obligations in your lease agreement is crucial. A lease is a legally binding contract between you and your landlord, and there may be legal penalties for breaching it. One term in a commercial lease agreement concerns your repair obligations and the requirement to \u2018keep the property in repair.\u2019 This article will explore your repair obligations in a commercial lease.<\/p>\n\n\n\n
As a tenant, one of your core responsibilities is to keep the property in repair. This means you must not neglect to look after the property or damage it in a way that would decrease its value. For instance, not mopping the floors for several months can cause grime and dirt to build up. Depending on what your lease agreement states, you may need to pay for a professional cleaning service. <\/p>\n\n\n\n
If you fail to comply with this obligation, you risk your landlord giving you a schedule of dilapidations<\/a> at the end of your lease term. This schedule will detail all the repairs you need to carry out and their anticipated costs. If you ignore necessary maintenance during the lease term, you will bear the burden of paying for these at the end of the lease. The price might come as a shock to you, meaning it is important to keep the property in repair. <\/p>\n\n\n\n Most commercial leases tend to be full repairing leases<\/a>, meaning the tenant is responsible for all repairs to the commercial property. You would need to pay for these repairs directly. <\/p>\n\n\n\n However, you might not lease a whole property but only a section of it. Such a scenario is common when renting a shop within a shopping centre. In this case, the demised premises means the space or shop let to a tenant under a lease agreement. Accordingly, your repair obligations will likely be related to interior and non-structural repairs. Your landlord will be responsible for structural and external repairs but will usually recover the cost of these from you, such as through a service charge. <\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nThe Extent of Your Obligations<\/h2>\n\n\n\n