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Understanding Your Commercial Lease – Part 2 – The Lease Following the execution of an Offer to Lease, the parties usually enter into a more formal commercial lease.  A lease is a legal agreement between a landlord and tenant whereby the Landlord allows the tenant to use a space (a building, part of a building…

Commercial Lease

Often rental negotiations for a commercial lease between a Landlord (the owner of the property) and a business Tenant begin with a Tenant presenting the Landlord with an Offer to lease a particular premises.  These documents are generally shorter than leases and outline the agreed upon principal business terms.  An Offer to Lease may or…

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