Retail spaces are often given out for lease as most retailers don’t prefer to buy out an entire property just for a few-years use. The conditions that are made when renting out a retail space are very different from the ones made when renting out a house. And therefore, it is all the more important to have a contract when a retail space is rented out just so that things are clear between the owners and the retailers who use the property.
A legally binding contract that is made between a retailer who uses a space and the owner of a retail space is called as a retail space lease contract.
Here is what a retail space lease contract usually consists of:
Before you download one of the sample retail space lease contracts that we have got for free, you should know what a contract such as that is usually made up of. Here are all the components of a retail space lease contract listed out.
- The details of the retail space that is to be leased out is described in detail.
- The details of the owner and the tenant then follow.
- The terms and conditions follow after which the duo sign.