The Kentucky commercial lease agreement augments the arrangement to temporarily use a piece of real estate to conduct business in exchange for a monthly monetary contribution. The promise to rent is secured for a period outlined in the document, as well as various provisions covering multiple facets of how the transaction is to be carried out. The established finer points are generally negotiated in the developing stages of the deal to be resolved when put into a written format for all parties to review.
The contract includes specific information on the tenant, landlord, property, payment timetable, lease type, renewal options, and many more expounding clauses. The aim of the paperwork is to create a translucent understanding of the rights and duties that will be upheld throughout the duration of the lease term. Additionally, the form will state conditions to the tenancy that must be followed, associated with building use, signage, and other policies of utilizing the property. Upon acceptance, both parties will be directed to sign under the instruction of a professional notary. Having a notary official or attorney resent will further guarantee the authenticity of the endorsements.