Leases governing the use of non-residential spaces establish a contractual relationship between landlords and those occupying their properties for business purposes. These agreements outline specific entitlements afforded to the occupants, covering areas such as permitted usage, lease duration, and responsibility for maintenance and repairs. For instance, a lease might stipulate permissible operating hours, options for renewal, and the allocation of costs for building upkeep.
Clearly defined entitlements for business occupants offer stability and predictability, fostering a conducive environment for commercial activities. A solid understanding of these entitlements empowers businesses to operate confidently, knowing their rights are protected. Historically, the development of these protections reflects a growing recognition of the vital role businesses play in the economy and the need for a fair and balanced relationship between landlords and tenants. These protections provide a framework for dispute resolution and contribute to a more stable commercial real estate market.