commercial periodic tenancy
use our commercial lease agreement template to set out the duties and responsibilities for both the landlord and tenant of a commercial space. if the tenant remains in possession of the premises with the landlord’s consent but without signing a new lease, the tenancy will convert to a month-to-month tenancy. on the other hand, a “fee” is a one-way payment to the landlord for violating the lease agreement. a “subtenant” is a new tenant who agrees to take over the lease for part or all of the remaining term. provide a copy to the tenant and retain another copy for your records. a commercial lease is an arrangement between someone who owns a property and someone who wants to use the property in their business.