Updated April 14, 2023
An Alabama commercial lease agreement is used by a landlord and a tenant for the business-related use of a property. The agreement may be used for any type of non-residential use, such as retail, office, restaurants, and industrial. In most cases, the landlord will require a rental application to be filled out by a potential tenant to verify their business credit, income, and finances.
If the tenant’s business is new or has no major assets, the landlord should require a personal guarantee, which makes the owner of the entity personally liable for the performance of the lease contract.
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Download: Adobe PDF