Commercial Tenant Guide

Before diving into the commercial real estate market, take a moment to clearly define your business needs. Consider the size of the space you require, the type of property that best suits your business (retail, office, warehouse, etc.), and any specific location preferences. Proximity to customers, accessibility for employees, and visibility are crucial factors. Additionally, think about your long-term business goals and how your space can accommodate future growth or changes.

Beyond the monthly lease payment, consider other costs associated with leasing commercial space. These may include utilities, maintenance, insurance, and any necessary renovations to tailor the space to your needs. It's also wise to budget for a security deposit and any upfront fees. Ensuring you have a clear picture of the total cost will help you manage your finances effectively and avoid any surprises down the line.

Once you've found a potential space, it's time to delve into the details of the lease agreement. Commercial leases can be complicated and vary significantly from residential leases.

It's essential to understand the different types of commercial leases, as the lease type can impact your rights and responsibilities, as well as your business operations and financial planning.

A. Gross Lease

In a gross lease, the tenant pays a fixed rent amount, and the landlord covers all or most of the property expenses, including taxes, insurance, and maintenance. This type of lease is beneficial for tenants looking for predictable monthly expenses without the worry of additional costs.

B. Absolute Net Lease

An absolute net lease requires the tenant to bear all the property-related expenses, including rent, utilities, property taxes, insurance, and maintenance costs. This strict lease type is less common and is typically used for single-tenant properties. It offers landlords a hands-off investment while placing more financial responsibility on the tenant.

C. Triple Net Lease

In a triple net lease (NNN), the tenant is responsible for paying the base rent plus property taxes, insurance, and maintenance costs. This lease type offers landlords a more hands-off approach while providing tenants with more control over the property's expenses and management.

It's crucial for both commercial tenants and landlords in Tampa to understand Florida's eviction laws. Knowing your rights and the legal process can help you navigate potential disputes effectively.

Monetary violations, such as failing to make rent payments on time, are considered good cause for eviction. However, Florida has strict regulations governing the eviction process to ensure fairness and legality.

Commercial Tenant Eviction in Florida: Key Points

Landlords Must Give Sufficient Notice

Florida law mandates that commercial landlords provide tenants with a three-day written notice before initiating eviction proceedings for non-payment of rent. This notice period is crucial to respect the tenant's legal rights and to offer an opportunity to resolve the issue amicably.

Tenants Have a General ‘Right to Cure’ the Violation

After receiving notice, tenants generally have the right to "cure" the violation, typically by paying the overdue rent. The eviction notice should clearly state the amount owed and how the tenant can rectify the situation to prevent further legal action.

Avoid Self-Help Evictions

It's imperative for landlords to follow the legal eviction process and avoid self-help measures, such as changing locks or removing the tenant's belongings. Such actions can lead to significant legal repercussions, including halted eviction proceedings and financial damages awarded to the tenant.