An Indiana commercial lease agreement is a landlord-tenant contract in which all rental terms for commercial property are recorded and signed into effect. Among its many items, the document includes designated rental costs as well as the duration of the lease. Most commercial leases last about three to five years and incorporate provisions that allow the tenant to renew automatically. Prior to selecting a tenant, landlords may vet prospective renters via background checks. Tenants with limited financial history can improve their acceptance odds by completing a personal guarantee form. Once the landlord sources a tenant and negotiates terms, the lease contract must be signed and executed.
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