Landlord Tenant Commercial Leases Law and Legal Definition
A commercial lease is a detailed written agreement for the rental by a tenant of commercial property owned by the landlord. Commercial property differs from residential property in that the property's primary or only use is commercial (business oriented), rather than serving as a residence. Commercial leases are often more complex than residential leases, have longer lease terms, and may provide for the rental price to be tied to the tenant business's profitability or other factors, rather than a uniform monthly payment (though this is also quite ordinary in commercial leases). A "triple net" lease includes both taxes and insurance in the rent.
Legal Definition list
- Landlord Tenant Co Tenants
- Landlord Tenant Change in Rent
- Landlord Tenant Cancellation
- Landlord Tenant Breach
- Landlord Tenant Applications
- Landlord Tenant Commercial Leases
- Landlord Tenant Common Areas
- Landlord Tenant Consents
- Landlord Tenant Constructive Eviction
- Landlord Tenant Default
- Landlord Tenant Disclosures
