A commercial lease agreement is a written contract between a landlord and tenant for renting office, retail, or industrial space. The landlord grants the tenant the right to use the property for business purposes in exchange for rent. Businesses often lease space in shopping centers, office buildings, or warehouses because buying and managing commercial property can be costly. The agreement sets out negotiated terms and responsibilities and also gives the tenant flexibility to relocate or close the business if needed.
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The information for this answer was found on our Commercial Lease Agreement answers.