C. Tenants and lessors shall maintain, at their own expense, one or two comprehensive general liability insurance policies in respect of each other`s respective activities in the building, the premiums being paid in full on or before the due date, issued and binding on an insurance company approved by the lessor, such insurance, in order to obtain a minimum coverage of at least USD 1,000,000 of combined individual coverage for bodily offences 1998, 1995, 1 Property damage or combinations. The lessor is mentioned as an additional insured in the tenant`s policy or in the comprehensive general liability insurance policies, and the lessee must provide the lessor with the current insurance certificates that attest to the tenant`s compliance with this paragraph. The tenant must obtain the agreement of the tenant`s insurers to inform the landlord that a policy must expire at least (10) days before. The lessor is not required to maintain insurance against theft inside the rented land or building. The lessor wishes to rent the rented premises to the tenant and the tenant wishes to rent the premises rented by the lessor for the duration, at the time of the rental and the agreements, conditions and provisions set out therein. The tenant explains that the premises have not been shown to the tenant by any real estate agent or agent and that the tenant has not carried out any other activity that may constitute the basis of a right to real estate commission, brokerage fees, intermediation fees or any other similar tax related to this rental agreement. Commercial leases can be long and complicated. Companies typically negotiate a lease as opposed to buying a commercial property, which saves the business a significant amount of capital that should be better invested in the business itself. Wondering why you need to pay close attention to the commercial lease in South Carolina? Well, unlike residential leases, commercial leases do not benefit from government consumer protection, as it is believed that owners and tenants of commercial real estate are much better informed than tenants.
Before signing the lease, assess your current and business requirements, and then choose the lease term that best promotes business growth. The duration of the rental contract can be short or long term and limited or periodic. .