An Ohio commercial lease agreement is a rental contract between a landlord of non-residential property and a renter looking to set up office, retail, or industrial operations in commercial space. Such leases commonly last around three to five years and include options to renew upon the lease’s maturity date. Before entering a formal contract, landlords and potential tenants should do their due diligence in terms of vetting the other party. Landlords often perform background checks on prospective renters, reserving the right to deny or request a personal guaranty from individuals with limited financial history. All parties shall sign and execute the lease upon finalizing negotiations. Upon signing the lease, the tenant must obtain all necessary licensing and permits to conduct business in accordance with state and local laws.
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Download: Adobe PDF, MS Word, Rich Text Format
RentalLeaseAgreements.com Version
Download: Adobe PDF, MS Word, Rich Text Format