Page 11 - Commercial Lease FlipBook 2020

• Commercial leases generally do not give start and end dates.

• The delivery date is referred to as the date the landlord finishes their work (if any is required)

and hands over the keys to the tenant.

• Tenant is then generally given a time frame to complete their build-out (generally 90 – 120

days).

• The rent commencement date will usually be the earlier of completion of tenant’s build-out (or

Certificate of Occupancy) or the day tenant opens for business.

• The lease end date is usually extended to the last day of the month.

• Many commercial leases include a commencement agreement as an exhibit in the back of the

lease. A commencement agreement is often needed to memorialize the start and end dates of

the lease.