Commercial Tenancy Agreement

A Commercial Tenancy Agreement is a legal contract between a property owner (landlord) and a business (tenant) that grants the tenant the right to use a commercial space, such as an office or retail store, for a specified period. It outlines essential details like rent amount, payment terms, property maintenance responsibilities, use restrictions, and what happens if either party wants to end the agreement. This contract helps protect both the landlord’s property rights and the tenant’s business interests, ensuring clarity and legal enforceability during the tenancy.