Black Label Commercial Group

A commercial lease agreement in an industrial property sale will be encountered by most enterprises, either as a landlord or a tenant. Understanding what phrases should be included and the ramifications are crucial to ensuring good interactions between the landlord and the renter. Individual consent of the Parties Both parties to a commercial leasing agreement should double-check that they are signing on behalf of their respective company entities and not themselves as individuals by mistake. Personal guarantees may also be included in certain leases, and the tenant may request restrictions on private contracts, such as monetary constraints or time limits. Renewals & Lease Terms In contrast to most residential leases, commercial lease agreements may last for substantially more extended periods, such as five, ten, or even thirty years. Consider both the length of the first term and the rights to renew when negotiating your business lease. In some instances, the tenant will be gran