When it comes to leasing commercial space, it`s important to carefully review the facility and service agreement. This document outlines the terms and conditions of your lease, including the services that will be provided by the landlord, maintenance responsibilities, and any fees associated with the lease.
Facility agreements typically cover the physical aspects of the property, including things like heating, ventilation, and air conditioning (HVAC), lighting, plumbing, and electrical systems. In some cases, landlords may also provide janitorial services, security, and other amenities.
Service agreements, on the other hand, cover the non-physical aspects of the lease, such as maintenance and repair responsibilities, payment terms, and termination clauses. These agreements also typically outline any fees associated with the lease, such as utilities, maintenance, and property taxes.
As a tenant, it`s important to carefully review these agreements and understand exactly what you`re agreeing to. For example, you`ll want to know who is responsible for maintaining the HVAC system, and whether or not there are any restrictions on when and how you can use the system.
Similarly, you`ll want to know what fees are associated with the lease, including any maintenance fees or property taxes. You may also want to negotiate certain terms of the lease, such as the length of the lease or the inclusion of certain amenities or services.
Overall, a carefully drafted facility and service agreement is essential for both landlords and tenants. By outlining the terms and conditions of the lease in a clear and concise manner, both parties can avoid misunderstandings and disputes down the road. So if you`re planning to lease commercial space, make sure you carefully review and negotiate the terms of your facility and service agreement to ensure a smooth and trouble-free leasing experience.