Rights of commercial. Do commercial tenants have rights? What is a commercial landlord? Who should sign a written tenancy agreement? It gives business Tenants the right to “Security of Tenure” and regulates the way in which commercial leases can be extended or ended.
The landlord is bound by certain duties by law.
These duties include performing all the terms of the commercial lease agreement. Your lease stipulates whether the landlord will provide warning of a rent increase. California law finds that it’s in the landlord’s interest to receive equal consideration and protection. The Act grants Security of Tenure to tenants who occupy premises for business purposes.
The tenancy will continue after the contractual termination date until it is ended in one of the ways specified by the Act. When terminated under the Act, the tenant has the right to apply to Court for. Special rights which are available to residential tenants are not extended to commercial tenants , who are presumed to be sophisticated and strong, not needing any protection from the law. Commercial tenants must be especially careful to protect themselves.
Except for the huge corporate tenant , like the anchor tenant in a shopping mall, the landlord calls the shots, from the beginning and long past the end.