Basic business lease agreementBusiness Lease Agreement • June 5th, 2023
Contract Type FiledJune 5th, 2023A commercial lease agreement is a binding contract between a landlord and a tenant for the rental of a property specifically for business purposes like office, retail, commercial or industrial space. This will contain the terms and conditions of the lease including the rent, term, penalties and allowed uses of the property. Commercial Lease Agreements by State Types of Commercial Lease Agreements A commercial lease agreement allows the lessee to use the lessor’s property for commercial activity. The lease serves as a guideline for the date rent is due, the duration of the occupancy, and specific provisions that are required by law or agreed to by both parties. As there are no standard templates for writing a commercial lease, the terms of the lease will be unique. There are several types of commercial lease structures available for business tenancies. The characteristics that differentiate (and categorize) these leases are based on their method of payment, gross or net. Commercial leas