Wi Commercial Lease Agreement

A commercial lease in Wisconsin is a legally binding contract between the owner of a commercial property and a tenant. The contract sets out the rights and obligations of the parties as well as the terms of the contract. Because of the severity of the issues protected by the commercial lease, you need to understand what all the provisions of the lease mean and how they affect your business. In the State of Wisconsin, ATCP 134 of the Administrative Code contains all the provisions that apply to agreements between landlords and tenants in commercial leases. These provisions are intended to ensure fair terms of the contract while improving dispute resolution strategies, as commercial leases do not protect tenants in the same way as residential leases. The predecessor of Bill 143, Senate Bill 466, was drafted to include commercial contracts between landlords and tenants, and Bill 143 did not deal with the provisions of that Act, except to clarify in an amendment to Bill 143 that a lease is considered invalid if it contains certain prohibited language. The legal provisions dealt with by Law 143 in commercial leases include: A. The tenant pays the landlord during the first period the rent of ____ Each payment is made in advance on the first day of each calendar month during the rental period to the landlord at __ The tenant must also pay the landlord a “deposit” of ___ By asking these questions, you can choose a lease whose duration will suit the needs of your business. Keep in mind that the suitability of a lease often depends on the level of growth of the business – most startups and small businesses need short-term leases with the lease extension option given the uncertainty associated with the business. .