How is a commercial lease defined?

A commercial lease is defined as a contract specifying the terms for renting business property. This type of lease is tailored for non-residential real estate, used primarily for business operations, such as offices, retail spaces, warehouses, and manufacturing facilities.

Commercial leases typically include detailed provisions that cover various aspects of the landlord-tenant relationship, such as rent payment terms, lease duration, maintenance responsibilities, and the allowable uses of the property. Given the unique requirements of businesses, commercial leases often involve more negotiation and customization compared to residential leases, which are more standardized to meet the needs of individual tenants.

The other options describe different types of agreements that do not fit the definition of a commercial lease. For instance, rental agreements for residential properties pertain specifically to homes and apartments. A short-term rental agreement typically refers to leases that last for a brief period, such as vacation rentals, which do not align with the typical structure of commercial leases. Similarly, a long-term financing agreement does not concern the rental of property but rather the loaning of money to buy property or investments. Thus, option B accurately captures the essence of a commercial lease, making it the correct choice.