Explain 3 important clauses of the commercial lease from the landlord's point of view and from the tenant's point of view. 

1. Rental Use Clause
2. Operating expenses Clause
3. Renewal Clause

1. Rental use clause

From the Landlord's point of view

It is the duty of the tenant to pay the rent in full and must be on time. If the tenant fails to pay on time then the landlord has the right to charge a fee for damages. 

This clause explains that the landlord is the absolute owner of the property and has the right to access the property.

This clause makes the tenant liable to comply with the agreement otherwise the landlord has a right to evict a tenant by giving notice. 

This clause provides that the tenant has no right to construct on leased premise and if the tenant does then the landlord can claim damages. 

This clause provides that the tenant has no right to make use of this property other than mentioned in the lease agreement.

This clause provides that after the expiry of the lease period, the tenant has to vacate the property. 

From the Tenant's point of view

This clause provides that the tenant is living in the property by paying rent, therefore, the tenant has possession of the property and has the right to privacy. 

This clause provides that the landlord has no right to enter in the tenant's apartment unless the tenant gives consent. The landlord has surrendered possession of the apartment to the tenant for the term of the lease. 

2. Operating expenses Clause

From the Landlord's point of view

This clause provides that the tenant is required to give their electricity bills, water bills, and necessary bills. The tenant should take care of the property. 

The clause gives the right to the landlord to claim damages if the tenant damages the property. The tenant is liable to make a necessary repair in the property if the damage is done by the tenant himself. 

From the Tenant's point of view

This clause provides that the landlord is liable for necessary repair because the landlord is required to provide a habitable environment and safe property to the tenant. If the tenant repairs himself then the tenant can claim the sum of money he spent on repairs. 

3. Renewal clause

From the Landlord's point of view

This clause gives the right to the landlord to renew the lease agreement, (let's say every 11th months or every 2 years) and increase the percentage of rent.

It also gives the right to the landlord to make changes in the clauses which are mutually decided and agreed by the parties. 

Renewal clauses help the landlord in financial security if the tenants are living for long terms. 

From the Tenant's point of view

It gives an opportunity to the tenant to say that he or she does not want to renew the lease. The lease cannot renew unless and until it is mutually agreed by the parties.