Final answer:
The key points in a Commercial Lease Agreement include rent payment and due date, duration of the lease, and maintenance responsibilities, with the answer being all of the above. The agreement also details the termination process and potential consequences for staying beyond the lease term.
Step-by-step explanation:
The key points in a Commercial Lease Agreement include rent payment and due date, duration of the lease, and maintenance responsibilities. Therefore, the correct answer is d. All of the above. It is important to note that the lease will outline specific terms for each of these key areas. For example, the lease will specify when the rent is due, the length of the lease term, and which party is responsible for maintenance and repairs.
Additionally, the agreement often includes a clause about termination, specifying that after the end of the leasing period, the agreement may be renewed monthly until a 30-day written notice is given by either party. If the resident stays beyond the termination date, or fails to remove all belongings, they could incur additional rent and damages. These damages may be significant if the owner loses the opportunity to rent to new tenants.