Search results
Results from the WOW.Com Content Network
☐ - No Option to Renew. This Agreement may only renew in an amendment to this Agreement or in a separate agreement. ☐ - Option(s) to Renew. The Tenant has the option(s) to renew this Agreement under the following terms: The Initial Term and any renewal periods mentioned shall be collectively referred to as the “Term.”
Commercial Lease Agreement Templates (12) A commercial lease agreement is a legal document between a landlord that agrees to lease space to a tenant for a business-related use. The tenant pays monthly rent (and any other expenses) to use the space for retail, office, or industrial purposes. Create Document. PDF Word ODT.
It is also a good idea to have a copy of the commercial lease agreement on hand in case the other party wants to secure the rental right then and there. Step 4 – Negotiating the Terms. Prior to carrying out the lease agreement, the prospective tenant will usually want to discuss the terms & conditions of the occupancy.
Last Updated: January 12, 2024 by Cameron Smith. A 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 contract contains the terms and conditions of the lease including the rent, term, penalties ...
A commercial lease agreement is a contract used by property owners and landlords to rent out all, or a portion of a commercial building to a tenant that will use it for business purposes. Commercial property includes apartment buildings, offices, retail spaces, restaurants, industrial warehouses, hotels, and land. Summary.