Pennsylvania Commercial Lease Agreement
A Pennsylvania commercial lease agreement is a legally binding document that establishes the terms under which a property owner rents out a commercial space to an individual or business entity. This agreement allows the tenant to operate their business on the premises for a specified duration, typically in exchange for a monthly rent payment.
Pennsylvania Commercial Lease Agreement
Key Details of the Lease
The lease agreement includes essential information, such as the option for the tenant to renew the lease and the rights and obligations of both the tenant and the landlord. While the terms of commercial leases can often be negotiated, once both parties sign the agreement, it becomes enforceable by law.
Legal Requirements
Rental Laws
The relevant legal framework governing commercial leases in Pennsylvania is outlined in Title 13, Division 2A: Pennsylvania Commercial Code.
Consumer Protection Laws
Consumer protection in the context of commercial leases is addressed under 13 Pa. CS § 2A104.
Jurisdiction
According to 13 Pa. CS § 2A106, if a lease includes a choice of law clause that originates from a jurisdiction other than where the lessee resides, it becomes unenforceable.
Additional Considerations
Landlords may conduct a Pennsylvania Business Entity Search to verify the tenant’s status before entering into a lease agreement.
Statutes
- 68 Pa. Stat. § 250.511a – Escrow funds limited
- 68 Pa. Stat. § 250.512 – Recovery of improperly held escrow funds
- 68 Pa. Stat. § 250.511b(b) – Interest on escrow funds held more than two years
- 68 Pa. Stat. § 250.511b – Interest on escrow funds held more than two years
- 68 Pa. Stat. § 250.206 – Statement of escrowed funds
- 68 Pa. Stat. § 250.501(b) – Notice to quit
- 68 Pa. Stat. § 250.205 – Participation in tenants’ association
- 42 Pa. C.S. § 1123 – Jurisdiction and venue
FAQs
A Pennsylvania commercial lease agreement is a legally binding document that outlines the terms under which a property owner rents a commercial space to a tenant, allowing them to conduct business for a specified duration in exchange for monthly rent.
A commercial lease typically includes important details such as the rental amount, duration of the lease, option to renew, and the rights and obligations of both the tenant and the landlord.
Yes, the terms of commercial leases in Pennsylvania are often open to negotiation. However, once both parties sign the agreement, it becomes legally enforceable.
Commercial leases in Pennsylvania are governed by Title 13, Division 2A of the Pennsylvania Commercial Code and consumer protection laws outlined in 13 Pa. CS § 2A104.
A landlord can verify a tenant’s business status in Pennsylvania by conducting a Pennsylvania Business Entity Search.
According to 13 Pa. CS § 2A106, a lease’s choice of law clause becomes unenforceable if it originates from a jurisdiction other than where the lessee resides.
A commercial lease agreement can typically be downloaded in PDF or MS Word formats.