Pennsylvania Commercial Lease Agreement Template

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The Pennsylvania Commercial Lease Agreement is a written legal document/contract that is used between an owner/landlord/management company and an entity or tenant to rent a commercial business space or property. During the term of the agreement, the tenant will be allowed to do business in the space or on the premises in exchange for an agreed monthly rental payment until the expiration of the lease. When the lease is preparing to expire the current lessee may be offered an extended lease by the lessor. An applicant should expect a lease to offer specific protections to both the landlord and the tenant. In some cases, the tenant may require a guarantor. This would depend on several contributing factors. Commercial agreements are generally negotiable. Especially with the option to renew, negotiation from the beginning should be considered to maintain a more stable lease agreement from a financial standpoint, from the initial lease to the renewed lease if the option is accepted.

The lessee should read all articles and sections of this document in their entirety with guidance and approval of knowledgeable legal counsel.