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Definition. Agreement between a landlord and a business outlining terms and conditions of property rental. A commercial lease is specific to renters using the property for business or other commercial purposes versus residential use. commercial lease is specific to renters using the property for business or other commercial purposes versus residential use.
A commercial lease agreement is a contract made between a property owner and a business. The commercial lease allows businesses to use rental property, rather than buying property. This has a number of advantages for a variety of business types, the primary of which is a lower amount of cash needed to get started.