Commercial property
Property used mainly for business or investment purposes rather than as a private home.
Related terms
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Commercial lease
A contract giving a business the right to occupy premises for an agreed term, rent and set of conditions.
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Commercial Rent Arrears Recovery (CRAR)
A statutory procedure in England and Wales that can allow a commercial landlord to recover qualifying rent arrears from a tenant’s goods without first obtaining a court judgment.
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Dilapidations
A commercial property claim for repairs, reinstatement or other lease obligations that a tenant may owe at or near the end of a lease.
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