The New Hampshire commercial lease agreement establishes the relationship between the landlord a tenant, or a business entity. This contract is often complicated. It lays out the terms, conditions, and responsibilities of each party.
New Hampshire Commercial Landlord/ Tenant Law
- In New Hampshire, commercial leases are typically a lot longer than residential ones. In fact, many are designed to last for 10 years or longer, which can be a massive benefit for the tenant and the landlord.
- There are different types of commercial leases that are available, and the party that is responsible for paying for the utilities, the insurance, and the taxes on the property will change based on the type of lease that is signed.
- The terms of the lease should also include things like whether pets are allowed on the premise, the type of business that can be done on the property, and details about when the rent is due.
- There is a percentage lease option that will have the tenant paying less rent, but when they begin to profit, they will be required to give the landlord a percentage of what they make each month. This is a great option for a business that is just starting out, but as time progresses, it becomes more beneficial for the landlord.
- With any commercial lease agreement in New Hampshire, the landlord will need to provide the buyer with information on lead-based paint and radon gas on the property. Both of these substances can be dangerous, so the tenant will need to know about them before signing any lease.