When real estate space is being rented for the purpose of conducting business operations, the landlord and tenant will enter into a Commercial Lease Agreement. Entering into a Commercial Lease usually involves negotiations, the lessor (the landlord) and the lessee (the tenant) should be fully spelled out in the Commercial Lease Agreement.
What is included in a Commercial Lease Agreement?
- Property address
- Monthly rent, generally calculated by square footage
- Deposit amount
- Purpose for which the space is being rented
- Start date for the lease agreement
- End date of the rental agreement
- Names & signatures of all parties
- Conditions under which the lease can be terminated
- Additional information based on negotiations and specific situations
When you faced with signing a Commercial Lease, either as a lessor or lessee, it is important that you fully understand the terms of the agreement into which you are entering. Read the rental form carefully, and seek clarification if there is any part of the document that you do not understand.