When a commercial property is taken on rent by a tenant, a commercial lease is signed between the landlord and the tenant. This would enable the tenant to use it for commercial purposes. This is in exchange of a certain amount of rent which is agreed upon between them by mutual consent. Such an agreement will list out all the terms and conditions for use of the commercial property and fixes responsibility in case of any damage to the property or any belongings of the tenant. Besides, it specifies the duration of usage, start and end dates of the lease etc.
While drafting such an agreement you can take help of a commercial lease agreement template. You can get such a commercial lease agreement template which might be available on a number of websites. It would list all the terms and conditions keeping the local laws in consideration. Thus, you need not take help of a professional such as an estate broker or a lawyer and in turn, save your hard earned money. There are many terms and conditions which need to be included in such an agreement which is taken care by a commercial lease agreement template.
It would include provision for adding property address, date of start and ending of the lease, the amount of rent and whether it has to paid annually or monthly, tenant and landlord name and if multiple people are involved, their names accompanied by signatures etc. This is very important that you specify all the terms and conditions quite clearly so that there is no ambiguity in any condition.
In case there is any dispute, such a clearly laid out commercial lease agreement would ensure that both the parties have well drafted responsibilities and both of them don't end up in a court to resolve that. You can get such templates either at without any cost or at some price at various websites.
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