Some of the additional clauses in the long version contain clauses that define the basic terms and definitions of the lease agreement, as well as clauses that describe in detail the insurance obligations of the parties and the obligations of reparation. So, the moral of the story here – getting early advice before signing the first key terms, whether it`s an agreement or a disclosure statement. Leases may include a provision known as an interruption clause, which allows the tenant or landlord (or both) to terminate the lease at a specific time without waiting for the end of the full term of the lease. This can be beneficial for the party who wants to terminate the lease prematurely – e.B a landlord who wants to renovate or a tenant who wants to leave without finding a subtenant or assignee – however, early termination can lead to problems and/or losses for the other party. Make sure you understand exactly how the lease distinguishes between the „base building“ the landlord pays for and your premises you pay for. Otherwise, you may find that you are forced to pay for expensive wiring, sewer work, etc. that you did not foresee. And beware of clauses that don`t clearly describe how the landlord calculates your share of the building`s surface area. In a case involving a tenant on the ground floor whose lease did not contain a form, a Pennsylvania court ruled that the tenant had to pay increases in the same proportion as his rent compared to the list of total rents.2 A bad deal for the tenant. An obvious but essential reminder: once you have agreed on a way to resolve disputes, follow the procedure to the letter.

Paine, Webber, Jackson & Curtis, Inc.