Colorado Commercial Lease Agreement
The Colorado Commercial Lease Agreement is a binding agreement entered into between the owner of a property (called the “landlord”) and the business planning on conducting operations within it (called the “tenant”). Commercial leases differ from their residential counterparts in several ways. To start, commercial leases offer far fewer protections for the tenants locked into the lease. There are no restrictions regarding security deposits and landlords have significant freedom in crafting the conditions of the agreement. The tenants planning on entering into the agreement should understand they can negotiate any conditions contained within the agreement.
Taking the time to consult a licensed Colorado attorney or commercial realtor regarding a lease contract can make the difference between a company that stays and business, and does not, due to the unregulated nature of the contract.