A Louisiana commercial lease agreement is a legally binding contract between a landlord owning a commercial property and a company renting the property for its operations. It outlines various terms and conditions relating to the lease length, rent amount, late fees, security deposit, and exclusivity.
The landlord will prepare the property to suit the tenant’s needs, whether it be an industrial, office, or retail building. Both parties meet to discuss the lease’s terms and may negotiate to fulfill their preferences. Once they sign it, it goes into effect and guides any disputes that may arise while the lease is active.
Louisiana Business Entity Search: Allows a landlord to confirm whether a business has the right to conduct its operations in the state.
Rental Laws: Louisiana Revised Statutes Title IX, Chapter 1.