Commercial Lease Agreement

Generally, it is not legally necessary to describe the property using more than the property address. However, providing additional details can reduce the potential for disputes by further clarifying the boundaries of the property.

The legal description refers to how the property is identified in a real estate transaction.
You can find this description in the deed, mortgage, or other purchase document. You can also obtain the legal description from a county recorder, land titles office, tax assessor, or other similar official.

Describing the permitted use helps prevent disputes and confusion over what is considered acceptable use of the property. It also allows the landlord to maintain a proper mix of businesses.

A direct competitor is someone who operates as its principal business a similar permitted use of the property that the tenant has received permission for.