Eviction is the legal process by which a landlord removes a tenant for reasons such as non-payment or lease violations, following required notice and court procedures.

A landlord is the property owner or lessor who leases commercial space to tenants in exchange for rent, with responsibilities defined by the lease and local law.

Rent is the periodic payment a tenant makes to a landlord for the right to occupy commercial space, and it determines a property’s income potential and value.

Subleasing is when an existing tenant rents all or part of their space to a third party within the remaining lease term, retaining primary responsibility.

Surrender is the mutual agreement between landlord and tenant to end a lease early, releasing both from their remaining obligations.

A lease is a binding contract giving a tenant the right to occupy and use commercial space for a set period in exchange for rent.

The lessee is the tenant in a lease, gaining the right to occupy and use a property in exchange for rent paid to the lessor.

The lessor is the party in a lease who owns the property and grants another the right to use it in exchange for rent.