WHAT SHOULD BE INCLUDED?
A Commercial Lease Agreement is a contract used when a person or entity rents a business property to or from another person or entity and which gives the tenant (lessee) the right to occupy the property for business purposes during the term of the lease in exchange for payment of rental to the landlord (lessor).
It is critical that commercial lease agreements contain all material information pertaining to the parties, the property, the property use, lease terms, operating costs and utilities, exclusive use, obligations of the respective parties, parking, improvements, exclusion of the Consumer Protection Act (if necessary), etc.
A poorly drafted or one-sided commercial lease agreement can give rise to various and costly disputes down the line. Are you and your business adequately protected?
