Products tagged with 'south dakota commercial leasing'

Lease office or retail space to a business tenant with this standard form South Dakota Commercial Lease Agreement.

• Renewal. Option for the tenant to renew for an additional term at the end of the lease.
• Property Taxes. Alternate provisions for taxes to be paid by either the landlord or the tenant, as applicable.
• Insurance. The tenant is responsible for carrying comprehensive public liability, fire and extended coverage insurance.
• Structural Repairs. Alternate provisions depending on whether the landlord is responsible for mechanical and structural repairs, or if the tenant is responsible for all repairs.
• Parking. Parking areas are to be shared by all tenants and their employees and customers.
• Damage or Destruction.Provisions for termination or for abatement of rent in the event of damage, destruction, or condemnation of the building.
• This lease agreement template is fully editable to fit your needs.
• Intended for use only in the State of South Dakota.

Sublet all or part of your leased business space to a subtenant with this South Dakota Commercial Sublease Agreement for office or retail premises.

The South Dakota Commercial Sublease Agreement is designed for tenants who wish to sublet all or a portion of their leased business space, whether for office or retail use, to another party (the subtenant). 

Security Deposit Requirements

Under this Agreement, the subtenant is required to pay a security deposit to the original tenant. This deposit serves as financial assurance for the original tenant, addressing potential damages or unpaid dues under the sublease.

Rent Payment Structure

The subtenant pays the rent to the original tenant. The original tenant, in turn, remains responsible for making rent payments to the landlord according to the terms of the head lease.

Obligations of the Original Tenant

Even after entering into a sublease agreement, the original tenant must continue to perform all obligations set forth in the head lease. The original tenant’s responsibilities under the lease do not transfer to the subtenant.

Assignment of Interest

The original tenant assigns its interest in the sublease agreement to the landlord, providing an added layer of protection for the landlord.

Default Provisions

If the original tenant defaults on any obligations under the head lease, the tenant may instruct the subtenant to pay rent directly to the landlord rather than to the tenant.

Format and Customization

This South Dakota Commercial Sublease Agreement is available in Microsoft Word format. It is fully editable and reusable, making it both convenient and cost-effective.

Transfer an existing lease to a new owner of the property with this South Dakota Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant, and is part of the documentation required to sell the premises to the new owner.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the State of South Dakota.

Renew a business tenant's lease with this affordable South Dakota Renewal and Extension of Commercial Lease.

• The tenant has no further right to extend or renew the lease.
• The renewal contract sets out the new expiry date and the rental payments for the renewal term.
• All other terms and provisions of the original lease remain in full force and effect.
• This Agreement is for commercial properties. For residential tenancies, a Residential Lease Extension form is required.
• Easy to use, fully editable so you can customize it to your exact needs.
• Intended to be used only in the State of South Dakota.