If you are a commercial landlord in Missouri, your lease agreements should include all the necessary provisions to protect your interests and avoid potential tenant disputes. Here are some essential requirements you should consider in your lease agreement.
Your lease agreement should clearly define your role as the landlord and the tenant’s obligations under the lease. This includes specifying the type of property being leased, the lease term, rent payment terms, security deposit requirements, landlord representation and any other fees or charges for which the tenant may be responsible.
You should also include provisions that address tenant obligations related to maintenance and repairs, alterations to the property, insurance requirements and compliance with local and state laws and regulations. By including these provisions in your lease agreement, you can minimize the risk of tenant disputes and ensure your property is adequately maintained and protected.
Rent and other fees
Your lease agreement should clearly state the rent the tenant will be required to pay, as well as any other fees or charges to assess, such as utilities or maintenance fees. You should also include provisions that address overdue payments, rent increases and the consequences of non-payment, such as eviction.
Consider including provisions that address the use of public areas, such as parking lots or outdoor spaces and any fees or charges associated with their service. This can ensure tenants know their obligations and reduce the risk of disputes over payment or use of these areas.
A security deposit is essential for protecting your interests as a landlord. Your lease agreement should specify the amount of the security deposit required and the conditions under which it may be retained or returned to the tenant. This can include provisions related to damage to the property, unpaid rent or other fees or early termination of the lease agreement.
Lease agreements and protecting your interests
A well-drafted lease agreement is an essential tool for commercial landlords in Missouri. By including provisions related to landlord representation, rent and other fees and security deposits, you can help to protect your interests and avoid potential disputes with tenants. In addition, it is vital to review your lease agreement regularly and update it as needed to reflect changes in local or state laws and regulations.