Commercial Rental Agreement
A Commercial Rental Agreement is a legal contract between a landlord and a tenant for renting commercial property, such as offices, shops, or warehouses. It outlines the terms and conditions that govern the rental relationship.
Key components of a Commercial Rental Agreement include:
Description and address of the property
Duration of the lease
Rent amount, payment terms, and security deposit
Responsibilities for maintenance and repairs
Terms for renewal, termination, and notice period
Use of premises and restrictions
Dispute resolution mechanism
Why It Matters:
A well-drafted Commercial Rental Agreement protects both parties, reduces conflicts, and ensures clarity on rights and obligations throughout the lease period.
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