Common Area Maintenance Clause for Commercial Lease

Prepare a Nondisturbance Agreement for a leased shopping mall premises with this downloadable template.

• The Agreement is made between the landlord, the tenant, a mortgage lender who holds a mortgage on the shopping center (mortgagee), and a lender who is making a commercial loan to the tenant.
• The lender requires the tenant to grant security over the premises in the form of a sublease, which requires the consent of both the landlord and the mortgagee.
• The lender agrees not to take possession of the premises if the landlord defaults under its mortgage.
• This is a generic legal document which is not specific to any country.
• The Nondisturbance Agreement for Shopping Mall Premises is available as a downloadable MS Word file.

The tenants of a strip mall or shopping center agree to share the common customer parking area under the terms of this Shared Parking Agreement.

• Each tenant will allow the customers of the other tenants access to the parking area.
• Each tenant is responsible for payment of taxes, repairs and maintenance, and other costs for parking stalls on their leased premises.
• Any signs in the parking areas must indicate that parking is for customers of any business in the building.
• This is a generic legal form which can be used almost anywhere.
• The Shared Parking Agreement is available as a downloadable and fully editable MS Word document.

Hire a property manager to oversee the operations of a shopping mall with this Shopping Center Property Management Agreement.

• Relationship of the Parties. The property manager is retained by the shopping center as an independent contractor, not an employee.
• Compensation. The property manager will be paid a management fee calculated as a percentage of all gross rents, which must be not less than a specified minimum amount.
• Duties. The property manager's duties include:
  • collecting rent,
  • invoicing tenants,
  • providing services to tenants,
  • enforcing performance of tenants' lease obligations, and
  • generally managing all aspects of the mall operations.
• Operating Budget. The property manager is responsible for preparing an annual operating budget for the shopping center.
• Insurance Coverage. The property manager must maintain a fidelity bond, workers compensation, auto liability and excess liability insurance coverage.
• Format. This legal contract template is available in MS Word format and is fully customizable to fit your exact specifications.
• Legal Jurisdiction. This is a generic legal document which can be used almost anywhere.