Updated October 11, 2023
A Tennessee commercial lease agreement is a binding contract between a landlord and a business tenant for the rental of commercial property, such as retail, industrial, or office space. The document outlines all aspects of the lease arrangement, including the monthly rent price, security deposit, and option to renew. The rights and responsibilities of both parties are also included in the contract, as well as penalties for any breach of contract. Because commercial lease agreements are far more complicated than residential leases, it’s recommended that these agreements are only completed with the guidance of a knowledgeable attorney.
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