A North Dakota commercial lease agreement is a legally binding document between a landlord and a tenant, allowing the tenant to use the landlord’s property for business purposes, such as a retail storefront, office space, or production facility.
Landlords may modify the property to suit tenant needs, and the agreement often spans longer periods than residential leases due to the high maintenance costs of commercial properties. The lease becomes enforceable upon signing and may include renewal options, requiring notarization and identification of all parties involved.
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REQUIREMENTS
Rental Laws: Title 41, Article 2A: North Dakota Uniform Commercial Code.
Consumer Protection Laws: ND. Cent. Code § 41-02.1-04.
Jurisdiction: According to ND. Cent. Code § 41-02.1-06, choosing laws or courts unrelated to the lessee’s residence or where the lease is executed is not legally enforceable.
