A Maine commercial lease agreement is a legal document that dictates how a business can rent a commercial space from a landlord. It specifies the rental payment amount, lease term, security deposit, and renewal options. This document is often more complex than a residential lease, as it can extend for longer and contain more provisions.
Depending on the tenant’s scope of business, they may use this lease agreement to rent a factory, retail store, or office building. The landlord will record how the tenant can and cannot use the property, giving the tenant clear guidelines for building occupancy.
Maine Business Entity Search: A landlord can look up the status of a business interested in tenancy to ensure it’s allowed to operate in the state.
REQUIREMENTS
Rental Laws: Maine Revised Statutes Title 11, Article 2A.
Consumer Protection Laws: ME Rev. Stat. §11-2A-1104.
Jurisdiction: According to ME Rev. Stat. §11-2A-1106, the legal jurisdiction must be one:
- in which the lessee resides at the time the agreement becomes enforceable or within 30 days thereafter or
- in which the rented property is located.
Even if the parties agree to another jurisdiction that falls outside this definition, it won’t be valid.
