Rhode Island Commercial Lease Agreement

The Rhode Island Commercial Lease Agreement is a legal document that is signed by a landlord (lessor) and tenant (lessee) that, in exchange for a stipulated monthly payment, allows a lessee to operate their business out of a property for three (3) to five (5) years, or another agreed length of time. The commercial lease differs significantly than its residential counterpart in that it: 1) contains few state-mandated regulations (on what is contained within the agreement), 2) commercial tenants typically have more responsibilities, and 3) parties negotiate the terms in a commercial lease considerably before putting it into effect.

Rhode Island Commercial Lease Law – Chapter 34-18.1