- October 7, 2021
- Posted by: Nicholas Fitch
In this way, signatures will be proven and the agreement will be much more likely to be brought to justice if its legality is ever called into question. A commercial lease is a contract for the lease of retail, office or industrial premises between a lessor and a tenant. The tenant pays a monthly amount to the lessor in exchange for the right to use the premises for commercial purposes. Commercial leases are usually longer than housing types, between 3 and 5 years, and it is common for the tenant to have renewal options at predetermined monthly payments. A commercial lease is a formal document between a landlord and a tenant to rent commercial real estate….