The Missouri commercial lease agreement is a binding contract between the landlord of commercial property and a business entity. This document outlines the terms and conditions of renting an office, retail, or industrial space. This type of lease can only be used by a business entity.
Missouri Commercial Landlord/Tenant Laws
- In many cases, commercial lease durations tend to be more than five years and sometimes are active for 10.
- Lease types tend to vary with commercial leases. For example, some commercial renters enter into a percentage lease, which grants the landlord a percentage of the earnings of the business, which greatly lowers rent. Other lease types include triple-net leases, which will have the tenant pay for the majority of running costs for the property, and gross leases, which are leases that have the tenant primarily just paying for rent and utilities.
- Missouri is one of the few states without state-implemented disclosures. Still, a landlord must follow federal-mandated disclosure law, which includes disclosing the presence of lead-based paint in buildings predating 1978.
- The breakdown of how utilities are paid. The tenant needs to know about additional costs like trash removal, sewage, water, phone, and internet. In some cases, to sweeten the deal, some landlords may subsume these costs, but this isn’t always the case.
- Closing the document requires that both the tenant and his or her landlord, sign, print, and date the document. Some also like to have the document notarized.