Choosing and leasing the right commercial premises is of vital importance to businesses of all sizes. The document which sets out the rights and obligations of a landlord and tenant is a commercial lease, which will typically deal with issues such as the term of the lease, any option to extend the lease, the amount of rent payable and how the lease can be terminated.
It’s important your agreement reflects the requirements for a commercial lease in your state or territory. In particular, each state has different legislation governing retail leases. When entering into a commercial or retail lease, either as a landlord or tenant, it’s important to work with an experienced commercial leasing lawyer.