Standard Industrial Lease Agreement

Improvements can spread to the tenant at the end of the lease and generally lose value over the life of the lease. Most people think of a lease in the form of apartments and detached houses for rent. Companies also use leases to rent buildings for themselves. This type of contract is called a commercial lease agreement. Most businesses, such as shopping malls, restaurants, downtown offices, and small grocery stores, don`t really own the property from which they do business. They rent it! (C) Removal and restoration. . . . .