Commercial Lease

Overview

A written commercial agreement between a landlord and business tenant, where the tenant will let the property for commercial purposes in exchange for payments.

What is a commercial lease agreement?

A written commercial agreement between a landlord and business tenant, where the tenant will let the property for commercial purposes in exchange for payments. It outlines the rights and obligations of both parties.

What does a commercial lease agreement cover?

A commercial lease agreement comprehensively covers the rights and obligations of both the landlord and the tenant. It covers responsbilities of the tenant and landlord, key dates, renewal, termination, personal information of each party, whether a guarantor will be required, property specific details such as size, letting information such as price of rent, length of agreement and use of property, custom terms and much more.

When should I use a commercial lease agreement?

You should use a commercial lease agreement if you are a landlord of commercial property seeking a tenant to use the property for business purposes.

Do I need a commercial lease agreement?

A commercial lease agreement is essential for all landlord letting out property for business purposes.

Further information

Most lease agreement should be registered with the Land Registry. Be sure to make enquiries to make sure yours is validly registered.

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