Have questions about Campanale, or not sure where to begin on your hunt for the perfect property? Here, we aim to provide you with answers to the most common questions.
What happens after a commercial lease application is approved? Is a deposit required?
Once an application is approved, Campanale will work with the prospective tenant to finalize the lease agreement and coordinate the next steps for occupancy. A security deposit or other upfront payment may be required, depending on the terms of the lease. Specific payment requirements will be outlined before the lease is signed.
What is the standard lease term for a commercial space?
Commercial lease terms can vary depending on the property, space and tenant’s needs. Campanale typically works with tenants on multi-year lease terms, with the final term and renewal options outlined in the lease agreement.
What insurance is required of commercial tenants before move-in?
Commercial tenants are required to maintain appropriate commercial insurance coverage for their business and provide proof of insurance before taking possession of the space. Specific coverage requirements may vary by property and lease agreement and will be confirmed during the leasing process.
How and when are tenants notified about lease renewal?
Renewal terms and notice requirements are outlined in each tenant’s lease agreement. Campanale will communicate with tenants in advance of the lease expiry to discuss renewal options and next steps. Tenants are encouraged to review their lease and contact the Campanale team with any questions about their renewal.
What is the notice process for a commercial tenant giving notice or moving out?
Notice requirements for ending a commercial lease are outlined in the tenant’s lease agreement and can vary depending on the specific terms. Tenants should provide written notice within the timeframe specified in their lease and coordinate move-out details with the Campanale team.