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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.
Commercial Leasing: Commercial leases or subleases, including consumer and finance leases, are governed by state law. A commercial lease is a lease or transfer of possession and use of goods from a lessor or owner to a lessee or possessor.