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Commercial Lease

Updated: 9/16/2019
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A real estate lease is a written agreement between a Landlord (lessor) and a Tenant (lessee) establishing the rights and responsibilities of each party. The Landlord is the owner of real estate (also known as "premises") who leases (rents) that property to a Tenant for the Tenant's use. A "residential" lease applies to real estate used as a residence, while a "commercial" lease applies to business property.

A written lease should be prepared and signed whenever property is rented, to reduce the likelihood of misunderstandings between the Tenant and the Landlord regarding the rental arrangement.

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Q: Commercial Lease
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