What is the procedure to create a commercial lease agreement?
As opposed to residential leases, the format of commercial leases are non-uniform and no standard format is ever followed. As the requirements vary from business to business it is difficult to stick to one particular format.
Before the contract is drawn up, the owner and the business representative must discuss the requirements at length and lay down the terms and conditions so that future disputes are avoided. Most commercial leases allow modifications to be made in the structure of the building, and this too must be included in the contract.
Commercial leases signed for long periods of time often involve up front payment of a lump sum. This amount and any other payments made must be clearly spelled out in the contract.