{"ok":true,"canonical_url":"https://dealroom.so/glossary/lease-agreement","api_url":"https://dealroom.so/api/public/glossary/lease-agreement","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"lease-agreement","term":"Lease agreement","group":"Doing the deal","definition":"A contract outlining the terms under which one party agrees to rent property owned by another. This defines your occupancy costs and security.","what_it_means":"If the business operates from leased premises, a new lease or an assignment of the existing lease from the seller to you is a critical closing condition. The SBA requires a lease term, including options, that matches or exceeds the loan term. Negotiate favorable terms and ensure the landlord is willing to work with you.","url":"https://dealroom.so/glossary/lease-agreement","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"owner-occupied-commercial-real-estate","term":"Owner-occupied commercial real estate","url":"https://dealroom.so/glossary/owner-occupied-commercial-real-estate"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"closing-condition","term":"Closing condition","url":"https://dealroom.so/glossary/closing-condition"}],"related_questions":[{"question":"Does a shared commercial lease agreement between two separate businesses trigger affiliation for SBA size standards?","url":"https://dealroom.so/for-lenders/questions/does-a-shared-commercial-lease-agreement-between-two-separate-businesses-trigger-affiliati"},{"question":"What happens if the business's current lease agreement for its premises is short-term or expiring soon?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-the-business-s-current-lease-agreement-for-its-premises-is-short-term-or-e"},{"question":"Can a buyer contribute a pre-paid lease agreement for the business premises as part of their equity injection?","url":"https://dealroom.so/sba-7a/questions/can-a-buyer-contribute-a-pre-paid-lease-agreement-for-the-business-premises-as-part-of-the"},{"question":"If the business property is leased, can the SBA loan finance a security deposit for the lease?","url":"https://dealroom.so/sba-7a/questions/if-the-business-property-is-leased-can-the-sba-loan-finance-a-security-deposit-for-the-lea"},{"question":"If the business property is leased, can an SBA 7(a) loan finance security deposits for the lease?","url":"https://dealroom.so/sba-loans/basics/if-the-business-property-is-leased-can-an-sba-7-a-loan-finance-security-deposits-for-the-l"},{"question":"What if the business I am acquiring needs to relocate immediately after the purchase due to lease expiration?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-am-acquiring-needs-to-relocate-immediately-after-the-purchase-due-t"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Lease agreement","url":"https://dealroom.so/glossary/lease-agreement","source_type":"DealRoom Data"}}