Updated October 11, 2023
A Texas commercial lease agreement is a contract between a landlord and a tenant for the rental of commercial property for business use. These agreements tend to be more complicated than residential agreements and in many cases must be negotiated between the landlord, the tenant(s), and their respective attorneys to ensure that the financial aspect of the agreement remains stable upon renewal. In addition, the lease agreement contains provisions on subleasing, penalties for late payments, as well as the rights and responsibilities of both parties. Once signed by both parties, the lease agreement becomes legally binding and is enforceable in a court of law.
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