The Montana commercial lease agreement is a contract that establishes a relationship between a landlord and a tenant (or business entity). This type of lease can only be used for businesses, and it is usually longer and more complicated than a residential lease.
Montana Commercial Landlord/Tenant Laws
- To start, commercial leases differ from residential leases because their terms can span for as much as a decade.
- The breakdown of payments can vary based on the lease type. For example, with a commercial lease, there are lease types like gross leases, triple-net leases, percentage leases, and modified gross leases. All of these handle how the landlord and tenant divide the running expenses of the rental property.
- In Montana, there are disclosures that a landlord must make to ensure that the tenant understands the status of the property. This can include the federally-mandated disclosure about lead paint, but it can also include Montana disclosures about existing damage to the property and details on the security deposit.
- Commercial leases also require a breakdown on how utilities are handled. This can include water bills, phone bills, electric bills, and even sewage treatment.
- Like other legal documents, the agreement will need to be closed with the signed and printed name of the participants as well as the date. For record-keeping, it’s also helpful to get the document notarized.