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Refund Policy

 Rent and Other Payments:

  • No Refunds for Paid Rent: Rent is non-refundable once paid. The Tenant is obligated to pay rent for the entire term of the Lease Agreement, regardless of whether the Premises are actively used.

  • Exceptions (if applicable and negotiated):

    • Prorated Rent: If the Lease Agreement commences or terminates in the middle of a rental period, rent may be prorated for that partial period.

    • Overpayment: Any accidental overpayment of rent or other charges will be refunded to the Tenant within [Number] days of discovery.

3. Early Termination of Lease:

Commercial leases typically have strict provisions regarding early termination. Unless explicitly provided for in the Lease Agreement, a tenant generally remains liable for the entire lease term.

  • No Right to Unilateral Early Termination: The Tenant acknowledges that the Lease Agreement is a legally binding contract for the entire stated term. There is no inherent right for the Tenant to unilaterally terminate the Lease Agreement prior to its expiration.

  • Landlord's Remedies for Early Termination/Default: In the event of Tenant's default or unauthorized early termination of the Lease Agreement, the Landlord shall have all remedies available at law or in equity, including but not limited to:

    • Accelerated Rent: The right to accelerate and demand immediate payment of all remaining rent and other charges for the entire unexpired term of the Lease Agreement.

    • Damages: Recovery of actual damages, including lost rent, re-leasing costs (brokerage fees, advertising, tenant improvement allowances for new tenants), and costs to restore the Premises.

    • Retention of Security Deposit: The Security Deposit will be applied towards any damages or unpaid amounts.

  • Negotiated Early Termination:

    • The parties may, at their sole discretion, agree to a mutual early termination of the Lease Agreement under specific conditions. Such an agreement must be in writing and signed by both Landlord and Tenant​

      • Notice Period: A minimum written notice period 90 days from the Tenant to the Landlord.

      • Tenant's Obligation to Mitigate: The Tenant may be required to cooperate with the Landlord in marketing and showing the Premises to prospective new tenants.

      • Re-leasing Clause: The Tenant's liability for rent may cease upon the date a new, qualified tenant commences occupancy of the Premises, provided all other conditions of the negotiated termination are met.

      • Unamortized Costs: Tenant may be responsible for reimbursing Landlord for any unamortized costs of tenant improvements, free rent concessions, or brokerage fees provided to the Tenant at the commencement of the Lease.

  • 4. Damage to Premises and Property:

  • Tenant Responsibility: The Tenant is responsible for any damage to the Premises beyond normal wear and tear caused by the Tenant, its employees, agents, contractors, or invitees.

  • Deductions for Damages: Costs to repair such damages will be deducted from the Security Deposit or billed directly to the Tenant. If the cost of repair exceeds the Security Deposit, the Tenant remains liable for the excess.

  • Landlord's Obligation: The Landlord is responsible for structural repairs and major systems maintenance as outlined in the Lease Agreement. If the Premises become untenantable due to Landlord's negligence or a force majeure event not caused by the Tenant, the Tenant's rent obligation may be abated or the Lease may be terminated as per the terms of the Lease Agreement.

5. Non-Payment of Rent:

  • In the event of non-payment of rent or any other financial obligation, the Landlord reserves the right to pursue all legal remedies, including but not limited to, late fees, interest on overdue amounts, eviction proceedings, and collection of all amounts due under the Lease Agreement. No refunds will be issued for rent or other amounts lawfully due and owing.

6. Governing Law:

  • This Refund Policy shall be governed by and construed in accordance with the laws of the State of WI.

7. Entire Agreement:

  • This Refund Policy is an integral part of the Lease Agreement. In the event of any conflict between this Refund Policy and the Lease Agreement, the terms of the Lease Agreement shall prevail.

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