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What are the rights and responsibilities of landlords and tenants in an industrial real estate lease?

The rights and responsibilities of landlords and tenants in an industrial real estate lease will vary depending on the specific terms of the lease. However, some common rights and responsibilities include:

Landlord:

  • Provide the tenant with access to the property
  • Maintain the exterior of property in good condition
  • Pay property taxes and insurance

Tenant:

  • Pay rent on time
  • Maintain the interior property in good condition
  • Pay for any damages that they cause to the property
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Swindon Property is a leading commercial and industrial real estate organisation and the commercial associate for international real estate advisor, Savills, for sub-Saharan Africa.