Pennsylvania Commercial Lease Agreement
The Pennsylvania Association of Realtors Commercial Lease Agreement binds a lessor (owner of a property) and lessee (business tenant) into a set of conditions that dictate the responsibilities of both parties for the length of the lease. When the parties sit down to negotiate the terms contained within the contract, the tenant should be well aware that Pennsylvania permits the use of a Confession of Judgment clause. This clause allows the landlord to bypasses litigation and go straight to applying for a judgment. What would typically be a lengthy court case can instead be potentially handled in a matter of days. To prevent the inclusion of a dangerously constructed lease condition, either party can benefit significantly by hiring an experienced PA Commercial Realtor during negotiations.