A COMMERCIAL LEASE is a written document that sets down terms, rules and obligations between the Landlord and Tenant. Rent is the consideration paid by the Tenant to the Landlord in exchange for the exclusive use of the property.

You should know that there is no such thing as a standard commercial lease form. The results of negotiations between the landlord and potential tenant usually determines the contents of the final commercial real estate lease agreement. However, all commercial lease agreements must contain certain basic elements.

Some of these essential basic items of the commercial property lease should be the property address, start and termination dates, names of all parties involved including their signatures, the rental amount and complete detail of all deposits.

The dollar rental amount is usually stated in terms of the monthly rent. It is common for the monthly rent amount to be based upon an agreed sum per square feet of rental area.