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Commercial Lease Agreement

In the realm of business, some companies may find that leasing property can be more cost-efficient than buying. Like other leases, a commercial lease agreement is an agreement that is arranged between a owner and renter. In contrast to other leases, however, the use of a commercial lease agreement is limited to office space, warehouse space, or other space used for the purposes of running a business. In terms of the commercial lease agreement itself, the contract or agreement must include the duration of lease, the property being leased, and the payment involved, among other components of the lease. In the majority of these agreements, the amount of payment is determined based on the size of the space. A commercial lease agreement can also specify other things like hours of operation, sites of delivery, and how the exterior of the store is displayed. If the store is located in a regulated shopping center, the lease may also limit the tenant from certain things that may disturb the center's operation.

Fast Facts

  • commercial leases have fewer consumer protection laws
  • commercial agreements have more flexibility than others regarding terms of the agreement

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