The Ohio commercial lease agreement is an agreement between a landlord and a business entity, used to entitle a business to operate out of commercial space. They are often longer and more complicated than residential leases and outline the terms and conditions of renting such a property.
Ohio Commercial Landlord/ Tenant Law
- When a building that is going to be used for commercial use was built before 1978, the landlord will need to inform the tenant that the building will have a chance of having lead-based paint inside. There are federal pamphlets that the landlord can provide that will give the tenant all of the information that they need.
- There are multiple kinds of commercial leases in this state that can be signed. A net lease covers all of the expenses in the building, so the tenant will have to pay the rent, utilities, maintenance, taxes, and insurance for the space. A gross lease will only require the tenant to pay rent. A modified gross lease will allow the tenant and the landlord to meet in the middle when it comes to who pays what costs.
- The document will need to have a breakdown of the parking terms for the business.
- The agreement will need to be signed, dated, and notarized.