The California commercial lease agreement executes the promise of a lessor to lease real estate to a business for an indicated dollar amount. The intricacies concerned with renting a property to be utilized by a company are far more detailed than a simple residential lease agreement. A commercial leasing document covers a broader range of specific provisions, allowing the fine-tuning of the varied rights and responsibilities of the landlord and tenant involved in the transaction. The report serves to elaborate on the components of the contract, such as rental payment and rent type (NNN, Gross Net, Percentage), the term of the lease improvement obligations, liability, and common area usage. The provisions of the document can be discussed and adjusted to fit the needs of the participating parties, and the agreement endorsed upon an accord.
California Association of Realtors Commercial Lease Agreement – PDF