A successful business, operating in a great location, may be forced to move when the lease expires. The timing of the move should be scheduled to occur at or near the lease termination date to avoid having to pay a significant amount to terminate a commercial lease early. In this case, the business owner will need to plan the move carefully. Sometimes moving to a better location will improve the business operations, if it brings more customers. Also, landlords need to carefully check the backgrounds of potential tenants. The terms and conditions need to be carefully considered because moving an operating business from one location to another can be impactful on the success of the business. It lays out the terms and conditions of renting retail, office, or other commercial spaces and is usually more complicated than a standard residential lease.Ī commercial lease agreement is a legally binding contract between a landlord who owns a commercial property and a tenant who wishes to rent the commercial property with the intention to operate a business. The commercial property being rented generally falls into a retail, office or industrial space category.Ī commercial lease in Arizona is a very important document for a business owner. The Arizona commercial lease agreement is a legally binding contract between a landlord and a tenant or business.
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