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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 tenants are businesses that rent their property space, like a store or office, from a commercial landlord. Businesses are presumed to be sophisticated, knowledgeable, and savvy about the law.ecause there is not much statutory protection for commercial tenants, the subject of eviction of a commercial tenant is very much an issue of contract law. Evictions usually happen because the tenant cannot pay rent, but it may occur because of the landlord's dissatisfaction of the use of the property.