Commercial Leases are rental units open for commercial use, such as rental spaces found in malls or commercial buildings. Commercial Leases greatly differ with residential leases and are specific only to renters who will be using the space for business. The terms of a commercial lease are crucial and can affect a business’s cash flow.
It is important that a landlord is able to carefully vet potential renters of a Commercial Lease to make sure that they are reliable and responsible enough. Our Application Forms can help you conduct a more thorough process of scanning and accepting tenants through our varied options of Commercial Lease Agreement Forms, Lease Agreement Forms, and Lease Application Forms.
Commercial Real Estate Lease Application Form
Commercial Property Lease Application Sample
Commercial Office Lease Application Form
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Commercial Lease Application Form in PDF
It is critical that you understand the differences between a residential lease and a commercial lease. For one, laws pertaining to the protection of a tenant’s privacy are not a given in commercial leases as well as policies on security deposits. Commercial Leases also vary and are usually tailored to fit the landlord’s need. They are also usually a long-term and a binding agreement. Lastly, Commercial Leases are more flexible and negotiable than standard Residential Leases.
Why Rental Application Forms Matter
Using a Rental Application Form is a landlord’s best form of defense against irresponsible tenants because it allows the landlord to collect information needed in order to authenticate a tenant’s identity and find out which applicant is falsifying his information or lying about his credentials. Rental Application Forms can help landlords run credit history checks and background checks to ensure that the tenant is capable of paying rent, paying rent on time, and will not use the leased space for illegal businesses or transactions.
Commercial Lease Application Form
Commercial Lease Agreement Application
Commercial Lease Credit Application Form
Blank Commercial Lease Application Form
Commercial Building Lease Application Form
General Commercial Lease Application Form
What to Find in a Commercial Lease Agreement
As soon as you are able to find a viable tenant for your commercial space, you will need to whip up a Commercial Lease Agreement that covers all the necessary details to make it enforceable. The following items are often addressed in Commercial Leases.
- The length or duration of the lease
- The renewal options
- Amount of rent due
- A computation of allowable increases
- Insurance terms, maintenance costs, and terms on property taxes
Some landlords include the fees for these items separately while others include them on the total rental fee.
- Security deposit and its terms and conditions
- The exact spaces that will be charged for rent, such as common areas, elevators, or restrooms
- Terms on modifications or improvements done by the tenant
Some tenants make modifications and improvements in the lease of a commercial space. Both the tenant and the landlord should clearly establish who will gain rightful ownership of added fixtures to the space when the tenant leaves and who will be paying for them.
Maintenance and Repairs
Maintenance costs and repairs are usually covered by the landlord unless the damage was incurred by the tenant; in that case, the cost to repair the damages will be taken from the tenant’s security deposit or will be covered by the tenant himself.
- Terms for expansion
- Terms and requirements for terminating the agreement
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