A Tennessee commercial lease agreement is a document that allows a landlord and a tenant to enter into a legally binding arrangement whereby the tenant rents the landlord’s commercial property. There are three (3) different types of commercial rental agreements: gross (landlord pays utilities), modified gross (landlord and tenant pay utilities), and triple net (tenant pays utilities). It is advisable that both parties seek legal representation to negotiate the contract, and that the tenant has the premises professionally inspected to avoid a dispute between the two parties.
Lease Application – Landlords can have tenants fill out this form to obtain their personal, business, and financial information before approving a lease.
Compliance with State Codes – Upon the request of a prospective tenant, a landlord of a commercial property of one thousand five hundred square feet (1500 sq. ft.) or less must deliver a signed disclosure indicating the extent to which the property follows state and local fire, plumbing, and electrical codes.
- Laws: § 66-7-108