Commercial Guidebook | Real Estate Investor Magazine Commercial Handbook | Page 25

classification. Since this typically involves equipment that’s very expensive, a mistake in classification may result in substantial costs. An experienced property lawyer can help draft a lease that will correctly classify which items or property are intended to be removed and which will remain at the property when the lease ends. 2.Eviction and Related Clauses: One of the longest parts of a commercial lease is usually the drastic remedies available to the landlord if the tenant doesn’t pay the monthly rental. These remedies include eviction, the right to claim damages for lost rental income, the right to specific actions (to force the tenant to pay the rent even if they’ve abandoned the property), and the right to retain any deposit. Regardless of what the lease says, while the landlord is certainly entitled to evict a non-paying www.reimag.co.za tenant and seek damages, they must also mitigate such damages by actively seeking a replacement tenant as soon as possible. In commercial matters the eviction action available to a landlord is usually a short process. However, unlike residential evictions, where there are a large number of statutory protections for tenants, the commercial tenant is relatively unprotected by law. The courts will usually allow the landlord to retake the property, together with any fixtures. Perhaps most detrimental to the commercial tenant are “penalty” clauses in leases, often providing that the tenant must pay a certain predetermined amount if the lease is breached. However, the enforceability of these clauses isn’t always straightforward, as the courts often reduce penalties where it’s demonstrated that the penalty is out of proportion to the losses suffered by the landlord. Commercial Handbook 2016 23