Updated October 11, 2023
A Washington D.C. commercial lease agreement documents a rental arrangement between a landlord and tenant of a property for business use. The agreement, which is considered a legally binding contract once signed by both parties, outlines all the terms and conditions of the lease. After the tenant shows interest in the property, the landlord may request past tax returns and current profit and loss statements to find out if the business is credible. For new businesses, the landlord may seek a personal guarantee from the tenant.
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