California Lease Agreement Commercial

A commercial lease is a legally binding contract between an owner who owns a commercial property and a tenant who wishes to lease the commercial property with the intention of operating a business. Commercial property for rent usually falls into a category of retail, office or industrial space. The lessee has the right to transfer this lease to a company with which the lessee may merge or consolidate, without the consent of the lessor, to a subsidiary of the lessee, to a company under common control with the lessee or to a buyer for the bulk of all the tenant`s assets. With the exception of the foregoing, the lessee may not sublet all or part of the rented premises or assign all or part of this rental agreement without the agreement of the lessor, without such consent being inappropriately refused or delayed.