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Sample Commercial Lease Agreement Template

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Microsoft Word (Editable)
Pages
7
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Document Overview

A Commercial Lease Agreement is a legally binding contract between a landlord (property owner/lessor) and a tenant (business entity/lessee) that sets out the terms and conditions under which the tenant may occupy and use commercial property such as offices, shops, restaurants, warehouses, or industrial space.

Purpose of a Commercial Lease Agreement:
1. Provides a clear framework for how the property may be used, how much rent is payable, and the responsibilities of each party.
2. Protects both landlord and tenant by ensuring that their rights and obligations are enforceable under the law.
3. Gives the tenant exclusive possession of the premises for a fixed term, enabling them to operate a business without fear of eviction (as long as they comply with the lease).
4. Ensures the landlord receives regular rental income and that the property is used in a lawful and safe manner.
5. Distributes risks fairly, e.g., landlord covers structural repairs while tenant handles day-to-day maintenance and compliance with laws.
6. By addressing rent, repairs, insurance, and termination upfront, it minimizes the risk of misunderstandings and costly disputes.

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