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The Alabama commercial lease agreement is intended for the occupying and renting of industrial, retail, or office use. This type of agreement is usually meant for the use of a business although the landlord may request that the owner(s) sign personally to guaranty the contract as most start-up entities have little to no value and the owner(s) may not qualify as being liable in the event of a default.

State Definition

  • Section 7-2A-103(k)

(k) “Lease agreement” means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.