A Connecticut commercial lease agreement establishes the terms of a property rental for the use of business-related matters, as opposed to residential. A landlord and tenant enter such lease contract upon settling on rental costs as well as any other conditions they wish to add. Prior to negotiations, landlords often perform background checks on both the potential tenant and their business. Tenants who fail to meet standards for approval may seek a guarantor by completing a personal guarantee document, thus bringing the third party to assume any unmet responsibilities if the tenant were to falter. Once the parties reach mutual terms, they shall sign the lease into effect for the duration of the stipulated length. Commercial leases typically last around three (3) to five (5) years.
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