A Georgia commercial lease agreement binds a landlord and tenant into a rental contract in which a non-residential property is utilized for business purposes. Lease terms may vary depending on the nature of the arrangement. However, a standard lease includes everything from rental-related costs to the duration of the contract. Prior to drafting the document, landlords tend to perform background checks on prospective renters and their businesses in order to determine eligibility. Tenants with minimal or tumultuous track records may benefit from a personal guarantee to improve their approval odds; note that the third-party guarantor shall be liable for the lease if the tenant were to falter. Upon establishing the tenant and all lease terms, all parties must sign the document into effect and assume their contractual obligations.
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