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Commercial lease agreement is simply a formal document that exists between a landlord and tenant to rent a business property. Commercial lease agreement form document will be brought in as soon as the tenant declares his/her intention to operate their business on the premises of the landlord.

It is important to note that there are commercial lease agreement template that can be used when necessary. The standard commercial lease agreement is expected to identify the landlord, tenant, term, real property, base rent, operating cost, security deposits and improvements.

What Does it Use for?

Commercial lease agreement can be used in a lot of situations. For example, it addresses who should pay utility bills, what happens in a fire disaster, what happens when there are problems in future and many more situations. It is important to note that a standard commercial lease agreement is different from a residential lease agreement because it deals with just commercial properties being used for the purpose of business. In this case, the lease agreement can be for an entire building, large warehouse, new restaurant, independent retail store or just a simple office.

To fill this template, it will require some kind of information. The information to be filled include the date in which the agreement is made, the name of the landlord and tenant signing the agreement, the address and legal description of the building. In some templates, there is a column for sureties. Finally, the terms of the lease are required to be filled into the template