Commercial Rental Lease Agreement Forms

Answer 1

When you decide to start a business, you typically have to find a place from which to run your business. Depending on the type of business, sometimes you can work from home, but most of the time you need to get a commercial space. You can buy a commercial space, but the cost is frequently high. Most people choose to lease the location of their business. This requires entering an agreement with the owner of the property. Read on to find out about commercial rental lease agreements.

What is a commmercial lease agreement?

Commercial lease agreements differ from private lease agreements in a few substantial ways. First, the forms typically tell you that you agree to pay for triple net, or something similar, which covers maintenance of the premises including parking, lighting etc. Frequently, they sometimes say that you agree to vacate the premises by a certain time. Depending on the type of business, they may cut off the electricity after a certain time. You also agree not to use the premises as a residence (i.e. you do not sleep there overnight, etc).

Where do you obtain the forms?

You can obtain the forms from a real estate agent. Typically, a lawyer drafts the forms and the real estate agent gets them from the lawyer. Sometimes they can find the forms online and simply use those. You should consult with a lawyer before entering a commercial lease, especially because commercial leases frequently last three years or more.

Make sure you find out if you can break the lease if you find any problems with the property.

Commercial leases typically have some complications that regular leases do not have. Read through the lease carefully to make sure that you agree with all of the terms beforehand so you do not sign something that causes you problems later.