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Whether you are a landlord or tenant if you are getting ready to rent out property or are renting property that is intended for commercial purposes you will be need to have a commercial lease agreement. A commercial lease agreement is a contract between two parties, the property owner and the lessee to use a piece of property for commercial purposes. This contract will outline the length of the lease as well as the rights and responsibilities of both parties.
A commercial lease agreement differs from a normal lease in that it covers the lease of stores, offices and industrial and commercial buildings. It also covers the lease of parking lots and any fixtures or equipment that may be included with the building.
A commercial lease agreement is somewhat different from many other contracts in that there are no standard or required forms to be used for this type of agreement. The law allows you to use any form you choose as long as the important points of the lease agreement are present. While you can download a lease agreement from the Internet you may find that you will need to do some looking to find agreements that include all the points that you wish to include for your lease.
There are some basic elements that any commercial lease agreement should have in it, regardless of what type of lease or stipulations that you wish to make. You will want be sure to include the property address, that start and ending date of the lease, the names of all parties, how much rent is and what deposits the tenant is responsible for, when these amounts should be paid and how the lease is to be renewed at the end date.
It is important that the property owner does not lease properties by a verbal agreement but takes the time to make up a commercial lease agreement with the tenant. While verbal agreements are technically valid they are very difficult to use in court if something happens. Most courts will require a written lease to bring a case to court.
If you do not have access to a lease agreement you can download one off the Internet, read through it careful to ensure it contains everything that you want it contain. If not make the necessary changes before you print it out and sign it, once the agreement is signed it is binding, and can result in the property owner suffering losses if the agreement does not contain all the necessary information.