Updated on December 9th, 2020
The Arizona commercial lease agreement constructs a paper form that creates a contractual obligation for a tenant to lease a property from a landlord for business purposes. The paperwork details the rights and responsibilities of both parties while identifying key elements, such as names, rental rate, and term length. The leasing document is different from a standard residential lease as it includes provisions stipulating which party pays for improvements to the space, and also determines the rental payments based on alternate rent types like triple net, percentage, and gross net. Commercial leases typically allow a business to rent a unit for a more extended period of time than a home leasing agreement.