What is the difference between a commercial and a residential lease?

The difference between a commercial and residential lease in Washington State is significant. A commercial lease is a document that outlines the terms of use and the rights of the tenant and landlord of a property for business purposes. This type of lease usually includes a higher rent than a residential lease due to the higher risk involved with having someone else using the property for business purposes. Additionally, a commercial lease often includes a security deposit, insurance requirements, and specific regulations outlining operations and maintenance responsibilities. On the other hand, a residential lease is a contract that states the rights and obligations of a landlord and tenant when the tenant is leasing a property for living purposes. Unlike a commercial lease, residential leases often have a lower rent and often include more tenant protections. Additionally, many residential leases have restrictions on the number of people who can live in a property, pets, and other regulations. In Washington State, many residential lease contracts also have to be approved by local or state housing and health agencies to ensure that the building meets health and safety standards.

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What is the difference between a commercial and a residential lease?

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