Leasing for Learning: Navigating Multiple Tenant Lease Agreements for Inclusive Education Spaces

Understanding Multiple Tenant Lease Agreements

In many circumstances, it is crucial to have flexibility in the language and structure of a lease, whether they be a comprehensive multiple tenant lease agreement or a single tenant lease agreement. The workspaces of the future, as well as educational spaces, have to afford their tenants the flexibility to navigate the ever-changing landscape of our modern economy. These leases will also have to be inclusive and adaptable to the needs of individuals and children with special needs to reflect the ongoing movement in the United States to create an inclusive society. The following are some important considerations and aspects to have in mind when approaching the drafting, negotiation and execution of a multiple tenant lease agreement.

A multiple tenant lease agreement is simply a lease agreement between multiple tenants and a single landlord, or in the case of an educational facility (whether a charter school, non-public school or otherwise) a multiple tenant lease agreement is a lease between multiple educational services providers and a landlord or organization (municipality, non-profit, etc.) for the benefit of providing a space for students with special needs. In essence, multiple tenant leases are increasingly popular with a lease for many tenants having the same basic form which can easily be modified and be utilized for different periods of time or with different parties as needed. The following are important clauses to consider in a multiple tenant lease agreement.

An issue with a multiple tenant lease agreement is flexibility. Many of the tenants may require a modification of the base lease, whether the modification be in duration, price or another important aspect of the term of the lease. The flexibility component should be top of mind when negotiating the language of the lease. This flexibility could simply be a clause in the lease that provides the tenant with the right to designate a different entity to be the actual party to the lease while the prospective tenant remains liable.

The ability to accommodate the needs of diverse learners is vital when given the opportunity to negotiate a multiple tenant lease agreement located in a learning space or facility for students with special needs. The lease should contain a clause permitting the landlords/landowners to modify the space to be accessible to persons with physical disabilities. Many landlords will require an assessment to be made by an architect before making any changes or repairing any building to make the space accessible. As such, this change will first need to be made, and the amount of funds needed to be expended for the renovations.

It is important to approach the multiple tenant lease agreement and identify your needs immediately to ensure that the lease can become effective and workable for both parties.

Shperndajeni/Shtypeni:
Skip to content