Commercial Tenancy Agreement - 2745 Downloads

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Commercial Tenancy Agreement
File Size: 211 KB
Downloads: 2745
Uploaded on: 2015-11-15 19:04:00
File Name: Commercial-Tenancy-Agreement.docx
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A commercial tenancy agreement is composed for the benefit of both the landlord and the tenant. The agreement is essentially a legal and binding contract that allows the tenant to occupy a physical space owned by the landlord for a designated period of time in exchange for a rental fee. A formal tenancy agreement of at least 1 to 3 years is important for the longevity, stability and budget planning of a commercial establishment.The commercial tenancy agreement format should include a number of basic items. The effective date, the name of the landlord and the name of the tenant should be at the top of the document. The length of time for which the agreement is in effect should be listed along with the rental fee, payment due dates and any late fees. Parking capacity should be noted along with who is responsible for specific maintenance issues.This sample commercial tenancy agreement is for the rental of a main street building that will serve as a spa. The building will not require any structural changes in order for the spa to begin operation, and the tenant has agreed to the landlord's terms, conditions and monthly rental fee:

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