Updated on July 11th, 2021
An Oregon commercial lease agreement is a legally binding contract that enables a tenant to rent a landlord’s commercial property. Depending on the landlord’s preferences, a security deposit and an upfront advance payment of the first or last month’s rent may be required from the tenant to secure the property. In most cases, commercial leases are paid by the tenant on a monthly basis and include the option to renew the contract at the end of its term. The property should be thoroughly inspected by the tenant to ensure that everything is in proper condition before the document is signed.
Lease Application – Used to verify a tenant’s identity, rental history, and business information prior to executing a lease agreement.