What is a commercial lease?
A commercial lease is a legally binding contract made between a landlord and a business tenant. The lease gives a tenant the right to use certain property for a business or commercial activity for a period of time in exchange for money paid to the landlord. Additionally, the lease outlines the rights and responsibilities of both the landlord and tenant during the lease term. LawDepot provides a written Commercial Lease Agreement.
A commercial lease — as opposed to a residential lease — is a contract between a business and a landlord for the rental of building space. A lease can be for a short term (as little as one month) or long term (up to ten or 15 years), and it can be written or oral (spoken) — although an oral lease for more than a year will generally not be enforced by a judge after the first year. For more information, read Understanding Commercial Leases.
A commercial lease — as opposed to a residential lease — is a contract between a business and a landlord for the rental of building space. A lease can be for a short term (as little as one month) or long term (up to ten or 15 years), and it can be written or oral (spoken) — although an oral lease for more than a year will generally not be enforced by a judge after the first year.
