Commercial leases are legally binding agreements between landlords and tenants that define the rights and obligations of each party. They apply to all kinds of businesses, from offices to warehouses. Even "standard" commercial leases are complex documents, filled with formal legal terms.
Whether you are a landlord or a tenant, it is critical to understand what you are agreeing to before you sign. Commercial leases cover more than just occupying a building space - they also determine what changes can be made to the property, such as signage, fit-out, and parking. All of these issues are governed by the terms of the commercial lease, which could be the biggest financial commitment in your business.
