(B) Notification of the extension. The possibility of renewing this contract in accordance with paragraph A above is exercised by written notification to the owner at least __________ days before the date of termination. If the written notification is not made within the period indicated here, this possibility shall be extinguished and expire. A commercial lease must be used whenever commercial property is leased by a lessor or tenant. Commercial leases are different from residential leases. They include many other provisions of the contract to protect both the owner and the business. In essence, the purpose of a commercial lease is to ensure that there are no bulk ends that could endanger one of the parties. This list does not contain everything that needs to be described in the commercial lease agreement. In the event that such a pledge is deposited, the tenant must ensure that this right of deposit is released within days following the effective notification of the deposit or, within this period, certifies to the owner that the tenant has a valid defense against this claim and this right of deposit and that he exhausts to the lessor a deposit satisfactory to the lessor. Exempt the owner from the enforcement of such a right of pledge. In addition to all other remedies granted therein, the lessor may, if the lessee does not satisfy this right of pledge or files a loan that compensates the lessor for the enforcement of such a right of pledge as provided for above, may, after notification of the tenant, compensate this right of pledge, and all expenses and related costs thus incurred must be paid on the date of payment of the rent on closer. American`s with Disability Act (42 U.S.
Code § 12183) – Also known as “ADA”, requires that all commercial tenants who offer “public accommodation” (such as a restaurant, retail business, etc.) or at least fifteen (15) employees, comply with all rules of access to persons with disabilities. This rule only applies to immovable property that has not been built or renovated since 1992. For example, if a tenant had a 12-month lease with automatic renewal, the lease could remain mandatory and valid after the 12 months if both parties agree. If neither party objects, the lease would simply be extended for a further 12 months. Auto-renewal lease agreement: a lease based on an automatic extension means that the lease continues under the agreed terms until either the lessor or the tenant terminates the contract.