A Commercial Lease Agreement is a contract used when renting business property to or from another individual or company. It gives the tenant or renter the right to use the property for business purposes during the term of the lease in exchange for payment to the landlord..There are specifically excluded from the definition of the term "Basic Cost" expenses for capital improvements made to the Building, other than capital improvements described in subparagraph iii above and except for items which, though capital for accounting purposes, are properly considered maintenance and repair .
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