When looking to lease commercial space, one important term to be familiar with is the “common area.” Common areas are the shared spaces within a commercial building that are used by all tenants and visitors. This can include hallways, elevators, lobbies, parking lots, restrooms, and even outdoor spaces like sidewalks or landscaping.
In a commercial lease agreement, the definition and details of the common area will be outlined. It`s important for both the landlord and tenant to understand what is considered common area and what rights and responsibilities each party has when it comes to its use and maintenance.
Typically, the lease agreement will specify how the common area is maintained and who is responsible for these upkeep tasks. For example, the landlord may be responsible for hiring cleaning crews to keep the common area clean and tidy, while the tenant may be responsible for reporting any damages or issues with the common area to the landlord.
Additionally, the lease agreement may outline any restrictions on the use of the common area. For instance, some commercial buildings may prohibit smoking in common areas, or limit the hours in which the area can be used.
In some cases, tenants may be required to pay a portion of the cost of maintaining and operating the common area. This is typically done through a “common area maintenance” fee, which is added to the tenant`s monthly rent payment. However, it`s important for tenants to carefully review the lease agreement to understand what fees they may be responsible for and what services or amenities are covered by these fees.
Overall, the common area is an important aspect of any commercial lease agreement. By understanding what is considered common area and what rights and responsibilities come with its use and maintenance, both landlords and tenants can ensure a smooth and successful leasing experience.