North Dakota Commercial Lease Agreement
A North Dakota commercial lease agreement is a legally binding document that establishes the terms under which a tenant can use a landlord’s property for business purposes. This type of lease is typically utilized for various business operations, including retail storefronts, office spaces, and production facilities.
North Dakota Commercial Lease Agreement
Rental Laws
The rental laws governing commercial leases in North Dakota are outlined in Title 41, Article 2A of the North Dakota Uniform Commercial Code. This code provides the legal framework for commercial transactions, including lease agreements.
Consumer Protection Laws
Consumer protection laws relevant to commercial leases in North Dakota are specified in ND. Cent. Code § 41-02.1-04. These laws are designed to protect the rights of consumers in business transactions, including those related to leasing commercial properties.
Jurisdiction
According to ND. Cent. Code § 41-02.1-06, any choice of laws or courts that are not related to the lessee’s residence or the location where the lease is executed will not be legally enforceable. This means that the lease must adhere to the legal jurisdiction relevant to the parties involved.
Lease Agreement Features
- Modification of Property: Landlords may alter the property to meet the specific needs of the tenant.
- Lease Duration: Commercial leases often have longer terms than residential leases due to the high maintenance costs associated with commercial properties.
- Enforceability: The lease agreement becomes enforceable once it is signed by all parties involved.
- Renewal Options: The lease may include options for renewal, which should be clearly outlined in the agreement.
- Notarization and Identification: The lease may require notarization and the identification of all parties involved to ensure its validity.
Business Entity Search in North Dakota
To obtain relevant details about the status of a company operating within North Dakota, a business entity search feature is available. This tool can provide important information regarding the legal standing of a business.
Statutes
- N.D. Cent. Code § 47-16-07 – Leases – Notice by landlord to change terms – When effective
- N.D. Cent. Code § 47-16-07.1(1) – Real property and dwelling security deposits – Limitations and requirements
- N.D. Cent. Code § 47-16-07.1(2) – Real property and dwelling security deposits – Limitations and requirements
- N.D. Cent. Code § 47-16-07.1(3) – Real property and dwelling security deposits – Limitations and requirements
- N.D. Cent. Code § 47-16-07.1(4) – Real property and dwelling security deposits – Limitations and requirements
- N.D. Cent. Code § 47-16-07.2 – Statement detailing condition of premises to accompany rental agreement
- N.D. Cent. Code § 47-16-07.3(1) – When landlord may enter apartment
- N.D. Cent. Code § 47-16-07.3(2) – When landlord may enter apartment
- N.D. Cent. Code § 47-16-13 – When lessee may repair or vacate premises
- N.D. Cent. Code § 47-16-13.1 – Landlord obligations – Maintenance of premises
- N.D. Cent. Code § 47-16-13.2 – Tenant obligations – Maintenance of dwelling unit
- N.D. Cent. Code § 47-16-13.5 – Mitigation of damages
- N.D. Cent. Code § 47-16-13.6 – Enforcement of sections 47-16-13.1 through 47-16-13.6
- N.D. Cent. Code § 47-16-13.7 – Eviction – Lessee liable for rent during term of lease
- N.D. Cent. Code § 47-16-14 – When a lease of real property terminates
- N.D. Cent. Code § 47-16-15(1) – Notice of termination of lease
- N.D. Cent. Code § 47-16-15(2) – Notice of termination of lease
- N.D. Cent. Code § 47-16-17.1 – Termination due to domestic abuse
- N.D. Cent. Code § 47-32-01 – When eviction maintainable
- N.D. Cent. Code § 47-32-02 – Appearance – Notice of intention to evict – When required – When and how served
- N.D. Cent. Code § 27-08.1-01(1) – Small claims court – Jurisdictional limits – Venue
- N.D. Cent. Code § 28-01-16 – Actions having six-year limitations
- N.D. Cent. Code § 6-08-16(2)(a) – Issuing check or draft without sufficient funds or credit – Notice – Time limitation – Financial liability – Penalty
FAQs
A North Dakota commercial lease agreement is a legally binding contract between a landlord and a tenant, allowing the tenant to use the landlord’s property for business purposes, such as retail, office, or production facilities.
Commercial leases in North Dakota often span longer periods than residential leases due to the high maintenance costs of commercial properties. They may include renewal options and require notarization and identification of all parties involved.
Commercial leases in North Dakota are governed by Title 41, Article 2A of the North Dakota Uniform Commercial Code, along with consumer protection laws outlined in ND. Cent. Code § 41-02.1-04.
Yes, landlords may modify the property to suit the tenant’s needs as part of the commercial lease agreement.
According to ND. Cent. Code § 41-02.1-06, any choice of laws or courts unrelated to the lessee’s residence or where the lease is executed is not legally enforceable.
You can utilize the business entity search feature provided by the state to acquire relevant details about the status of a company operating within North Dakota.
Once a commercial lease is signed, it becomes enforceable, meaning both parties are legally bound to adhere to the terms outlined in the agreement.