Let’s say you have a property somewhere in the middle of the city’s business district. Now this isn’t just like any other property in the area. It’s placed perfectly where it’s easily exposed to traffic. Meaning people come by this area more often than not, passing by, going through their day, but still nearly interacting with your property. I say nearly because, well there’s nothing there yet. The smartest thing to do here would be to take advantage of this good spot and establish a business agenda there. With the significant amount of people passing by, surely some, if not most of them will be interested to interact with your shop and buy something.
That’s simply how business works, startup ones at least. Now, say you can’t establish the business on your own, you have have some prior arrangements that need to be attended to or maybe another business in another place that you need to oversee. Well the second best thing to do with your property if to have someone else rent it. They can establish their own shop and still you’re raking in cash from the rental payments. Now, to make sure that you and your client or the person who’s renting the property is on the same page, you’ll need to draft a document most commonly known as a shop rental agreement.
As a landlord or a property owner, if you want your property to be rented, it is important to have a document such a a shop rental agreement to protect your rights as a property owner and your property itself. If ever you and your tenant come across a legal dispute, you will have a more favorable outcome in court if you have a written agreement on hand. The document ensures that whatever your tenant may be doing in your property, it is well within what the both parties agreed to. It just saves you a lot of money and a lot of trouble away from disaster. There have been some pretty interesting cases of landlords being cheated away from their own properties because they lack the sufficient documentations in order to defend themselves in a legal process.
That is why before any business is done, it is imperative to have a shop rental agreement that the both parties have agreed to and will uphold. To properly draft this document, you have to make sure that you are perfectly familiar with is, what it looks like and how it work. Check out these shop rental agreement samples that we have listed down below. Once you’ve gotten yourself acquainted with the document, feel free to use these samples as a guide or even as templates for your own shop rental agreement.