A Tennessee commercial lease agreement is a legal contract between a landlord and a business tenant that governs the rental of commercial properties like retail, industrial, or office spaces. This comprehensive document specifies rental terms, including monthly rent, security deposit, lease duration, payment rates, and renewal options.
Tennessee Business Entity Search: Landlords, in addition to performing credit checks, can also verify the legitimacy of a tenant’s business entity prior to finalizing the lease agreement.
REQUIREMENTS
Rental Laws: Title 47, Chapter 2A: Tennessee Uniform Commercial Code.
Consumer Protection Laws: Tenn. Code § 47-2A-104.
Jurisdiction: According to Tenn. Code § 47-2A-106, if the law chosen in a lease agreement originates from a jurisdiction other than where the lessee resides, it cannot be enforced.
Required Disclosures
- Adherence to State Codes: The landlord must provide the tenant (if the tenant requests it) with a signed disclosure revealing the degree to which an industrial property of 5,000 square feet or less or a commercial property of 1,500 square feet or less abides by local and state electrical, plumbing, and fire codes (Tenn. Code § 66-7-108(a)).
