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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.
It is standard in a commercial lease for the landlord's responsibilities to be minimal. Sometimes they are responsible for maintaining the roof, exterior walls and utilities and nothing more.That leaves the tenant with a lot of responsibility.hare on Facebook. Share on Google Plus. Commercial leases are agreements between commercial tenants and property owners as to the terms of a leasehold, including (but not limited to) length of tenancy, responsibilities of the parties, cost of rent and other provisions to which the parties consent.