A Rhode Island commercial lease agreement is a legally binding contract allowing a business tenant to rent commercial space from a landlord. It stipulates essential terms, including insurance requirements, renewal periods, rent amount, subleasing policies, both parties’ responsibilities, and penalties for breaches.
Rhode Island Business Entity Search: Prior to tenancy, landlords often verify the tenant’s business and conduct background checks.
REQUIREMENTS
Rental Laws: Title 6A, Chapter 6A-2.1: Rhode Island Uniform Commercial Code and Title 34, Chapter 18.1 (Commercial Leasing and Other Estates).
Consumer Protection Laws: RI Gen. Laws § 6A-2.1-104.
Jurisdiction: According to RI Gen. Laws § 6A-2.1-106, the choice of law in a lease is unenforceable if it comes from a jurisdiction that differs from the residence of the lessee.
