the agreement is going to be very similar to an agreement between a landlord and a tenant for residential property, but the specifics of the agreement may have different protections that will make it possible for business to be done in the unit. because a small business may not have assets that the landlord can go after if the contract is breached, this is a personal guarantee that allows the tenant to vacate the property before the terms of the lease are up if the business fails. in this section, all of the changes and the improvements that need to be done to the property at this point or at any time in the future can be laid out.
this is important to include in the information that is given to a tenant so that they know what to expect when the time that the lease was signed for is up. in this section, the dates that the lease will be in effect need to be stated, as well as the number of years that the lease is for. any detail about this type of work that the tenant will need to know will need to be stated in this section. if a guarantor is required for the rental, they will be required to place their information and signature in this section as well.
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