Leasing Commercial Property: A Complete Guide A commercial property lease is a complex thing. If you’re researching the ins and outs of commercial property leases, this is your primary resource. Our article is designed to help you get your head around the complexities of a lease for commercial property, know the differences between a commercial building lease and a residential lease, and understand all the implications of a commercial property lease agreement. Read on to see commercial property leases explained simply and clearly.
What is a Commercial Lease? What is a commercial property lease? A commercial lease is simply a specific type of legally binding contract made between a business tenant and their landlord. The lease provides the tenant with the right to use the property for a business or other commercial activity, for a specific time period. In return for these advantages, the tenant pays rent.