A commercial lease agreement also known as commercial rental agreement, is a legally binding contract entered into between a landlord and a business owner, for the purpose conducting any type of business on the rented property. The use of the term “commercial” means that the property will be used solely for business purposes and not for residential or personal use.
The different types of commercial leases are:
The important terms are:
The benefits are as follows:
The mandatory documents required are:
Any form of commercial lease agreement is a legal agreement, which is crucial for the survival of a business. The agreement should be carefully drafted, defining the rights and obligations of the parties with the help of real estate attorneys.
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