The Alabama commercial lease agreement is for any tenant seeking to occupy retail, office, or industrial space for business or personal use. The payments are typically made every month and may range anywhere from one (1) to five (5) years and can be for any time frame as desired by the parties. Renewal periods, option periods, first right of refusal, and options to purchase may be included in the agreement.
After authorization, the lease becomes legally binding, and both parties are locked into its terms and conditions. It is highly recommended that the lessor and lessee seek legal counsel to make sure that their full rights are being represented.
Alabama Business Entity Search – As the landlord, use to lookup tenants to ensure they are licensed to do business in the State.
