Commercial Lease
A commercial lease is a legal agreement between a landlord and a business tenant that outlines the terms for renting a commercial property. This type of lease typically includes details such as the duration of the lease, rental payments, and responsibilities for maintenance and repairs. It is commonly used for spaces like offices, retail stores, and warehouses.
In a commercial lease, both parties must adhere to the agreed-upon terms, which can vary significantly from one lease to another. Important aspects may include zoning laws, property taxes, and insurance requirements. Understanding these elements is crucial for both landlords and tenants to ensure a successful rental experience.