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Residential Lease Agreement
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What is covered in a Commercial Lease Agreement? {{ currentPage ? currentPage.title : "" }}

A lease agreement may be written or oral depending on the type of business being leased. A commercial lease agreement is a legal document that outlines the rights and responsibilities of both parties involved. Know about the need for such an agreement. This is a lease agreement that provides for the leasing of a commercial property to the lessor who can become the temporary owner of the property upon rent payment.

The lease is made by the Landlord/Tenant (L/T) and the L/F (the lessees). The Lessee (landlord) agrees to pay a rental for use of the leased premises and to make all necessary repairs, alterations, or improvements to such premises. In addition to these terms, the lease also provides that the lessor may terminate the agreement at any time by giving the Tenant written notice in accordance with the provisions of this Agreement.

What Should a Commercial Lease Contract Cover?

In general, this type of a lease agreement – which is among the commonest legal forms online downloaded and used - should cover the following topics:

• Term of the lease

• Landlord's security deposit

• Tenants' obligations

• Rent payments

• Landlord's insurance

• Landlord's maintenance

• Landlord's liability

• Landlord's right to enter

• Landlord's obligation to repair

• Landlord's indemnification

• Landlord's subletting

Leasing agreements are often overlooked by many landlords, but they are extremely important if you want to ensure that you get what you need out of your lease agreement. If you do not have a lease agreement, then you may end up paying more than necessary for rent. In some cases, you could even be forced to move out of your apartment before the lease expires.

This lease may be terminated by either party upon the other party's written request. Termination of any of its provisions by a party is effective as of that date. If the tenant fails to perform any or all of these covenants, then the landlord may cancel this lease and terminate this agreement. Upon termination of such agreement, this clause will be deemed to have terminated. All other terms of said agreement remain in force and effect.

Author Bio

Carl writes often about legal drafting of rental & commercial lease agreements, affidavit and bill of sale to help the people in needs.

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