Maryland Commercial Lease Agreement
The Maryland Commercial Lease Agreement is a legally-binding contract used to rent out an office, retail space, warehouse, or any type of building or room that will be used to generate a profit (and that only, as residing in a commercial property is almost always off-limits). This type of lease is longer-term and can range from 3 to 10 years in length, although any lease term can be negotiated before signatures are recorded on the form. It is highly recommended that a tenant-broker examine the lease to ensure there are no hidden clauses that can be costly to the tenant down the road. Once given the all-clear, the parties will then be directed to sign the contract – doing so will make it active, requiring the parties to abide by the conditions contained within the agreement.
Maryland Commercial Lease Law – Title 2A “Leases” Subtitles 1-5