Updated on December 13th, 2020
The West Virginia commercial lease agreement is the standard document to execute when taking part in a rental transaction for property that is going to be the home to a business operation. The owner, or individual handling the negotiations on behalf of the owner, will have to discuss and agree to the terms of the arrangement with the prospective tenant in order to confirm that everyone is on the same page. Once all parties have pre-arranged the details surrounding the agreement, they must then be inserted into the corresponding fields within the contract and supplemented by all the participants’ signatures. Some of the elements of a commercial lease that differ from a residential lease include:
- What the premises will specifically be used for.
- Whether or not there is an option for renewal.
- If the agreement will be classified as a gross, modified gross, or triple net (NNN) lease.
(This instrument offers a notary section that allows a designated official to certify the document. It is highly suggested that you wait to sign the contract until you are in the presence of a notary public.)