Updated November 16, 2023
A Rhode Island commercial lease agreement is a document that outlines the terms and conditions of a commercial lease. Legally binding once signed by the landlord and business tenant, the agreement lists the duration of the lease and the rent amount, as well as provisions on lease renewal, subleasing, and more. It also provides the rights and responsibilities of both parties and any penalties for breach of contract. It is highly recommended that a commercial lease attorney carefully review the document to ensure fairness for both parties.
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