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Tenant Tips:
The Forgotten Part of the Lease - Rules and Regulations
The smart tenant, the good broker, and
the efficient attorney will always read the entire
Lease. Not because it is fun reading but rather to
understand the potential ramifications that could be set
in motion should some unfavorable clause actually come
into play. The key is to catch the problem BEFORE it
occurs.
While everyone always
reads the summary page, most read the next ten to
fifteen sections, only a few get through the dry
sections sixteen to infinity, few REALLY read the Rules
and Regulations. After all, it is mostly non-issues like
"Tenant may not have sales" or Tenant cannot have pets."
Well, SURPRISE! Some of these hidden issues may actually
impact you as a tenant. Read the Rules and Regulations
as carefully as you do the rest of the Lease.
Can you cook in your
suite? Most say you cannot. Seems microwaves were not
invented when most leases were first drafted. What are
your building hours? If it says 8
AM to 6 PM, what happens if you want to come in
early or stay late?
Read and understand the Rules and
Regulations!
Sourced and adapted from The OfficeFinder
Office Space Blog
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