Thus, it is important that you carefully review a commercial lease before entering into an agreement of any length.įurther, it is important to understand the difference between terminating or breaking a lease and terminating a lease without penalty. Often commercial lease contracts will include the conditions under which the commercial lease may be terminated, and the penalties that may result from an early termination of the lease. Many business owners renting commercial property spaces often find themselves in a situation where their business is failing, but they are still liable under their commercial lease contract for rental payments through the end of the release term. Clauses regarding how disputes are to be handled.Amount and frequency of rental payments and.Commercial property is property that may be used for a business purpose, such as an office space, warehouse space, or even a used car dealership.Ĭommercial lease contracts are usually lengthy contracts that outline terms such as: A commercial lease involves a written contract with a landlord for the use of a piece of commercial property. In legal terms a lease is an agreement, often written, in which the owner of a piece of property allows the use of the property to another party for a specified period of time in exchange for periodic payments.
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