Common Contracts
1 similar Commercial Lease Agreement contracts
Commercial property for lease agreementCommercial Lease Agreement • June 4th, 2023
A commercial lease agreement is a legally binding contract executed between a landlord and a tenant (typically a business owner) for the purpose of renting property for retail, office, or industrial use. The designation of “commercial” means that the property will be used strictly for business purposes, and annual rent is based on price per square foot ($/SF) plus any operating expenses. Many business owners choose to rent property rather than purchase property because it requires less capital. Commercial tenants can operate any kind of business whether it is a small sole proprietorship or a large corporation. Commercial leases tend to be more complicated than a residential lease and there are certain terms that a landlord and tenant should be sure are included in the agreement. Common lease lengths are between 5-10 years with options to renew at pre-set rates. For a more information and definitions of a lease, read this article. What's Included in A Commercial Lease Agreement? Commerc
