The Ohio commercial lease agreement is the standard documentation needed to transfer temporary possession of a commercially-zoned property from the landlord to the tenant, also known as the lessor and lessee. The average term of this type of lease generally ranges from three (3) to five (5) years, but users of this form can customize the length of the tenancy to whatever suits their needs. The participants may also mandate whether or not there will be an opportunity to renew the lease at the end of its term.

Apart from the period of occupancy, the parties must additionally record the format in which the monthly expenses will be paid (gross, modified gross, triple net), the amount due for the security deposit, and the type of business activities that will be performed on the premises. This should all be followed by the primary parties signing the instrument while being observed by an agent possessing notarial powers.

Commercial Lease Application – A screening document submitted by the individual or entity trying to secure the rental of a commercial property.