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An Oregon commercial lease agreement is a document used for business tenants seeking to occupy an industrial, office, or retail space. The rental term is typically between one (1) and five (5) years with options to renew at the tenant’s decision. Rental increases may either be fixed, adjusted to the Consumer Price Index (CPI – see link), or negotiated in “good faith” at the time of the term end date. All business tenants should have their background reviewed by the landlord with the rental application. If the applicant is an entity, the landlord should verify the entity’s status with the Secretary of State’s office.
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