Lease Agreement Info
This page gives a plain-language overview of the typical commercial lease terms at Olivera Landing. Your actual lease agreement will control, but this guide helps you understand the big picture.
How Our Leases Work
Olivera Landing uses a standard commercial lease designed for long-term, stable business occupancy. We try to keep the agreement straightforward, so both sides understand responsibilities, timelines, and costs from day one.
Most leases are multi-year (3–5+ years), with rent structured as base rent + NNN (triple-net). This means you pay your share of property taxes, insurance, and common-area maintenance in addition to base rent.
Key Things Covered in the Lease
- Lease term and renewal options
- Base rent, NNN charges, and how they’re calculated
- Use of premises and permitted business activities
- Responsibility for maintenance and repairs
- Insurance and liability requirements
- Signage, improvements, and alterations
- Default, late fees, and remedies
Lease Length & Renewals
Our standard lease term is typically 3–5 years, with options to renew at the end of your term. Renewal terms, rent adjustments, and options are spelled out in your lease so there are no surprises.
Base Rent + NNN
Your monthly cost will usually include:
- Base Rent – the fixed amount for your suite based on square footage and location.
- NNN / CAM – your share of operating costs such as taxes, insurance, landscaping, exterior lighting, and parking lot maintenance.
NNN rates are reviewed periodically and may adjust based on actual property expenses. We can provide estimates and historical ranges during your lease discussion.
Use of Premises
Your lease will specify your allowed use (for example: “Retail sales and related office use” or “Professional office and consulting services”). This ensures the property stays compatible and zoning-compliant.
If you ever want to expand, change your primary use, or add new services, we’ll review and document any changes in writing.
Improvements & Build-Out
Many tenants need to customize their suite. The lease will outline:
- What improvements are allowed
- Who pays for which portions of the build-out
- When permits are required
- Who owns improvements at the end of the lease
Any structural changes, added plumbing, electrical, or HVAC work must be approved in writing and done by licensed, insured contractors.
Maintenance Responsibilities
Generally, tenants are responsible for keeping the inside of their suite clean, safe, and in good working order, including things like:
- Interior fixtures and finishes (paint, flooring, doors inside the suite)
- Changing HVAC filters as needed
- Minor repairs due to normal use
The landlord typically handles:
- Exterior structure and roof
- Parking lot and common-area lighting
- Landscaping and exterior cleaning
Exact responsibilities can vary by lease. We’ll walk through this carefully with you before signing.
Common Lease Questions
Do I need a personal guarantee?
In most cases, yes — especially for new businesses or small entities. Established companies may qualify for modified terms depending on financials.
Can I sublease my space?
Subleasing generally requires landlord approval. If you think you may want to share space or sublease in the future, let us know early so we can structure the lease appropriately.
What happens at the end of my lease?
Before your lease ends, we’ll discuss renewals, extensions, or move-out timing. The lease also covers how the space should be returned, including removal of certain improvements or signage.
What if I need to expand or shrink my space?
Depending on availability and timing, we’ll explore options to relocate you within the center or adjust your footprint. These changes are always documented in writing.
Your specific rights and obligations are controlled by your signed lease. This page is meant as a helpful guide, not a legal document.
Tenant Responsibilities at a Glance
While every lease is a little different, most tenants can expect to handle:
- Interior cleaning & upkeep
- Routine interior repairs
- Changing HVAC filters
- Business & liability insurance
- Timely rent & NNN payments
- Code-compliant signage
“We want the lease to be clear enough that you always know where you stand — no surprises, no hidden rules.”
— Olivera Landing Ownership
During your leasing process, we’ll walk through a draft lease with you so you can ask questions, review your responsibilities, and make sure the agreement works for your business.
