Commercial Leases · glossary
A lease of part of a building, with the landlord keeping the rest. The tenant takes the inside of its space, and the landlord keeps the structure, the roof and the shared parts. The tenant pays a share of their upkeep through the service charge. Lease 2.4 · Chapter 1 · see Common parts
Explained in Chapter 1, What a Lease Is, of Commercial Leases.
When a landlord lets one floor and keeps the rest of the building, it grants a lease of part. The lease must draw a clear line between what the tenant takes and what the landlord keeps. That line decides who repairs what, and who pays.Read Chapter 1, What a Lease Is →
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