West Virginia Commercial Lease Agreement Template
A West Virginia commercial lease agreement establishes a rental arrangement between a property owner, or landlord, and a business (tenant; either an individual or entity). Commercial property means any retail, office, or industrial space used to conduct business in accordance with State law. The landlord and tenant will negotiate the terms of the lease, such as length of the lease, rent amount, responsibilities of utilities and expenses, etc., and will inscribe their signatures at the bottom once they are satisfied with the conditions. The landlord should always make sure that the business intent on renting their property is financially stable and, if the business is new, suggest that the principal authorize a guaranty that makes them personally liable for defaulting on the lease, should such a circumstance occur. The landlord can check the history of the business by visiting the Secretary of State’s business and licensing page.