What Is a Commercial Lease Agreement?

This question is about Commercial Lease Agreement

What Is a Commercial Lease Agreement? on iPropertyManagement.com

A commercial lease agreement is a written document between a landlord and tenant for the purpose of renting an office, retail, or industrial space—the landlord allows the tenant to use the property for commercial (or business) purposes in return for rent. Businesses rent commercial spaces from shopping centers, office buildings, and warehouses to save money—since it is often much more expensive to buy and manage a commercial property. A commercial lease agreement allows the landlord and tenant to negotiate terms and responsibilities while providing the business (or tenant) a way out in case they need to move or close their business.

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The information for this answer was found on our Commercial Lease Agreement answers.