CBRE Retail thanks for following me on Twitter! https://t.co/dSmLTFNWuF

CBRE Retail thanks for following me on Twitter! https://t.co/dSmLTFNWuF

— Nathan K Smith (@AustinTenantAdv) April 28, 2020

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Magsushi Magsushi thanks for following me on Twitter! https://t.co/GpMKlGC6rZ

Magsushi Magsushi thanks for following me on Twitter! https://t.co/GpMKlGC6rZ

— Nathan K Smith (@AustinTenantAdv) April 27, 2020

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Reader Favorites thanks for following me on Twitter! https://t.co/6rovKoSJOo

Reader Favorites thanks for following me on Twitter! https://t.co/6rovKoSJOo

— Nathan K Smith (@AustinTenantAdv) April 21, 2020

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Reader Favorites thanks for following me on Twitter! https://t.co/6rovKoSJOo

Reader Favorites thanks for following me on Twitter! https://t.co/6rovKoSJOo

— Nathan K Smith (@AustinTenantAdv) April 20, 2020

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Orrin I. Goodwin thanks for following me on Twitter! https://t.co/egKveZt0FI

Orrin I. Goodwin thanks for following me on Twitter! https://t.co/egKveZt0FI

— Nathan K Smith (@AustinTenantAdv) April 20, 2020

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Deepinder Singh thanks for following me on Twitter! https://t.co/VY4uTgzyJJ

Deepinder Singh thanks for following me on Twitter! https://t.co/VY4uTgzyJJ

— Nathan K Smith (@AustinTenantAdv) April 10, 2020

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Check out my latest article: I Can’t Afford to Keep Paying My Monthly Commercial Lease Payments https://t.co/WfgpkNICvE via @LinkedIn

Check out my latest article: I Can’t Afford to Keep Paying My Monthly Commercial Lease Payments https://t.co/WfgpkNICvE via @LinkedIn

— Nathan K Smith (@AustinTenantAdv) April 10, 2020

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What is the Commercial Lease Commencement Date? https://t.co/Rypj1r8tcF https://t.co/aPxXbNcdor

What is the Commercial Lease Commencement Date? https://t.co/Rypj1r8tcF pic.twitter.com/aPxXbNcdor

— Nathan K Smith (@AustinTenantAdv) April 8, 2020

from Twitter https://twitter.com/AustinTenantAdv

What is the Commercial Lease Commencement Date?

The lease commencement date in a commercial lease typically refers to the start date of the lease term. It’s worth noting that the lease commencement date is not always the date the Tenant begins paying rent as rent abatement or early occupancy may have been negotiated.

Commercial lease commencement dates will be written differently in leases depending on the existing condition of the space or what has been negotiated.

For example if tenant improvements are needed you may see the lease commencement date stated as the earlier or later of the date a Tenant occupies any portion of a space and begins conducting business or  the date on which the improvements have been completed by the landlord as per the work letter. 

If no tenant improvements are needed the lease commencement date may say the earlier of a specified date or the date when a Tenant begins occupying the space.

Example Lease Commencement Date With Tenant Improvements

The earliest of (a) the date on which Tenant occupies any portion of the Premises and begins conducting business therein, (b) the date on which the Work (as defined in Exhibit D hereto) in the Premises is Substantially Completed (as defined in Exhibit D hereto), or (c) 90 days after the date on which Landlord tenders possession of the Premises to Tenant (subject to the terms and conditions set forth in Section 3 of the Lease).

Example Lease Commencement Date Without Tenant Improvements

As used herein, “Commencement Date” means the date which is the earlier to occur of (i) May 1, 2020 or (ii) the date on which Tenant begins occupancy of the Leased Premises. Within five (5) calendar days after the Commencement Date or at any time thereafter on the request of Landlord, Tenant shall execute and deliver to Landlord a declaration, similar in form to Exhibit “F” attached hereto, specifying and verifying, among other things, the Commencement Date, the Rent Commencement Date and Termination Date, the number of rentable square feet, Tenant’s initial Tenant’s Share of Operating Costs, the rent schedule, prepaid rent, if any, the amount of the security deposit, and such other information the Landlord may request, including acceptance of construction, if construction was a part of the Lease terms.

 

What is the Commercial Lease Commencement Date?

The lease commencement date in a commercial lease typically refers to the start date of the lease term. It’s worth noting that the lease commencement date is not always the date the Tenant begins paying rent as rent abatement or early occupancy may have been negotiated.

Commercial lease commencement dates will be written differently in leases depending on the existing condition of the space or what has been negotiated.

For example if tenant improvements are needed you may see the lease commencement date stated as the earlier or later of the date a Tenant occupies any portion of a space and begins conducting business or  the date on which the improvements have been completed by the landlord as per the work letter. 

If no tenant improvements are needed the lease commencement date may say the earlier of a specified date or the date when a Tenant begins occupying the space.

Example Lease Commencement Date With Tenant Improvements

The earliest of (a) the date on which Tenant occupies any portion of the Premises and begins conducting business therein, (b) the date on which the Work (as defined in Exhibit D hereto) in the Premises is Substantially Completed (as defined in Exhibit D hereto), or (c) 90 days after the date on which Landlord tenders possession of the Premises to Tenant (subject to the terms and conditions set forth in Section 3 of the Lease).

Example Lease Commencement Date Without Tenant Improvements

As used herein, “Commencement Date” means the date which is the earlier to occur of (i) May 1, 2020 or (ii) the date on which Tenant begins occupancy of the Leased Premises. Within five (5) calendar days after the Commencement Date or at any time thereafter on the request of Landlord, Tenant shall execute and deliver to Landlord a declaration, similar in form to Exhibit “F” attached hereto, specifying and verifying, among other things, the Commencement Date, the Rent Commencement Date and Termination Date, the number of rentable square feet, Tenant’s initial Tenant’s Share of Operating Costs, the rent schedule, prepaid rent, if any, the amount of the security deposit, and such other information the Landlord may request, including acceptance of construction, if construction was a part of the Lease terms.

 

What is the Commercial Lease Commencement Date? https://t.co/bt6iIWCcfD

What is the Commercial Lease Commencement Date? https://t.co/bt6iIWCcfD

— Nathan K Smith (@AustinTenantAdv) April 8, 2020

from Twitter https://twitter.com/AustinTenantAdv

Midtown Commercial Realty thanks for following me on Twitter! https://t.co/N4IqnxHQH6

Midtown Commercial Realty thanks for following me on Twitter! https://t.co/N4IqnxHQH6

— Nathan K Smith (@AustinTenantAdv) April 8, 2020

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Belldon Colme thanks for following me on Twitter! https://t.co/gcm3AogJHt

Belldon Colme thanks for following me on Twitter! https://t.co/gcm3AogJHt

— Nathan K Smith (@AustinTenantAdv) April 8, 2020

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Havilah Funding thanks for following me on Twitter! https://t.co/cM7FDjCRas

Havilah Funding thanks for following me on Twitter! https://t.co/cM7FDjCRas

— Nathan K Smith (@AustinTenantAdv) April 4, 2020

from Twitter https://twitter.com/AustinTenantAdv