The Utah commercial lease agreement is a legally binding document that relays the terms of a rental arrangement between a landlord and tenant (a business entity or individual). In exchange for monthly payments, the tenant will have full use of the landlord’s commercial real estate for the duration of the lease’s term. The tenant will often be given the option to renew their lease before it expires; however, it must be included in the contract to be guaranteed. Before signing the agreement, the tenant should have the property professionally inspected to verify that it meets the contractual specifications.
Lease Application – By demanding that potential tenants fill out this form, the landlord can assess their business and financial profiles before executing a lease contract.