A Colorado commercial lease agreement is used to form a tenancy arrangement by which commercial property is leased from a landlord to an individual or business. The agreement outlines terms that permit the tenant to occupy the commercial unit for a fixed period (usually three (3) to five (5) years). In exchange for using the property, the tenant will make monthly rent payments to the landlord in addition to any expenses mutually agreed upon in the lease document.
Apart from eviction procedures, Colorado statutes provide no regulations governing commercial leases. This lack of ordinance places a great deal of importance on the language included in the agreement; Colorado courts will typically enforce the lease terms should a dispute arise between parties.
Lease Application – Landlords seeking to lease a commercial rental unit may use a lease application to obtain the background information of potential tenants.