A commercial lease is more than an agreement to pay rent in exchange for the use of property. It defines the legal and financial relationship between the landlord and tenant and can govern that relationship for years. The lease determines not only how much rent is paid, but also how the property may be used, who is responsible for operating expenses, maintenance and repairs, what constitutes a default, and what remedies may be available when a dispute arises. For a business,
Thomas B. Robson
3 days ago5 min read
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