Commercial Building Lease Agreement. Lease agreement defined and explained with examples. A commercial lease agreement, or business lease, is a formal document between a tenant and a landlord with business property for rent.
A commercial lease is a legally binding contract between you and the landlord of a premises for a fixed period of time. A commercial lease agreement is a contract to rent retail, office, or industrial space between a landlord and tenant. Lessor hereby agrees to lease to Lessee, under the terms of this Commercial Lease Agreement, the property described herein.
You can get copies of standard retail and industrial leases from The Association of Industrial Realtors or AIR Commercial.
Commercial Leases are rental units open for commercial use, such as rental spaces found in malls or commercial buildings.
It is important to remember that a business lease is not like a dwelling rental. Rental agreement document with keys and pencil Word writing text Commercial Lease. This Commercial Lease Agreement is being entered into between [LESSOR] ("Lessor") and [LESSEE] ("Lessee") effective as of the following date — [EFFECTIVE DATE].