A Washington commercial lease agreement functions as a contract between two parties involved in renting non-residential property, whether for office, retail, or any business-related use. The landlord and tenant enter such lease after settling on all rental terms. Prior to selecting a tenant, landlords often weigh their options by performing background checks on prospects to determine eligibility. Tenants with insubstantial financial or credit histories may improve their acceptance odds by sourcing a guarantor (co-signer), in which case a personal guarantee would be attached to the lease. The parties must commence their contractual duties as stated in the agreement after signing it into effect. In many cases, the tenant must obtain permits to conduct business on the premises in accordance with state and municipal laws.
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