Updated October 11, 2023
A Vermont commercial lease agreement is a legal document that is used by a landlord and a tenant for the rental of a commercial property. A legally binding contract once signed by both parties, it outlines all the terms and conditions of the lease, including the lease duration, rent amount, security deposit, and option to renew. It also contains provisions about subleasing, exclusivity, and the rights and responsibilities of both parties. Commercial agreements may be more complicated than residential agreements and should not be entered into without the guidance of a knowledgeable attorney. Once the agreement is completed, it must be acknowledged by a notary public.
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