Published: 22/10/2024
When leasing or purchasing commercial property, understanding where the property begins and ends is crucial. This is where specific clauses come into play in your lease or contract.The key clauses that outline property boundaries and responsibilities typically include the "Demise Clause," which describes what part of the property the tenant or buyer has control over. Then, there’s the "Repair and Maintenance Clause," which lays out who is responsible for keeping different parts of the property in good condition.
It’s essential to read these carefully. For example, does the tenant need to maintain the garden, or is that the landlord’s job? These clauses help avoid confusion and set clear expectations for both parties.