An Ohio commercial lease agreement is a legal contract between a landlord and a tenant for renting business properties, like office, industrial, or retail spaces. Lease terms, often negotiable, vary significantly, and once signed, the agreement becomes enforceable in court. Commercial leases usually extend for multiple years to allow businesses ample time to generate income.
Ohio Secretary of State Business Search: This tool can be utilized to investigate the business organization that is seeking to lease commercial real estate.
Rental Laws: Title 13, Chapter 1310: Ohio Revised Code.
Consumer Protection Laws: Title 13, Chapter 1349.
Jurisdiction: According to Ohio Rev. Code § 1310.04, the legal jurisdiction for a lease agreement should be based on the lessee’s residence, the location of the leased property, or where the lease was executed. It’s important to note that any other agreed-upon jurisdictions, even if in writing, are not considered valid.