Updated on December 11th, 2020
The Maryland commercial lease agreement discloses the fundamental constituents regarding the utilization of a designated commercial or retail space to perform business activities in exchange for a monthly financial sum. Documenting a transaction a specialized as a commercial lease requires more complicated express terms and conditons than a standard residential form. A general lease contract typically covers the identity of the landlord and tenant, rental payment amount, security deposit, and lease term commencement and expiration dates. This agreement includes a broader range of specifications, including provisions to determine lease type, signage display, exclusivity, and building regulations. The arrangement is to be endorsed by the participating parties and signed before a legally appointed notary for validation of the signatures.