Updated October 11, 2023
A Colorado commercial lease agreement is used to outline the terms and conditions between a landlord and a business tenant. The written document becomes a legally binding contract once signed by both parties. This means that all the agreed-upon terms of the lease—such as duration, rent, security deposit, and late fees—must be abided, or either party in breach of the contract can be held liable in a court of law. Since commercial leases are not regulated by state law in Colorado and tend to have a much longer duration than residential leases, it is recommended that the tenant do their due diligence in vetting the property and the provisions of the contract before signing it.
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