Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A commercial lease is a lease (other than a mining lease) that permits the lessee to use the land or waters covered by the lease solely or primarily for business or commercial purposes. The defining of agricultural lease , pastoral lease and residential lease in sections 247, 248 and 249 is not intended to limit the coverage of commercial lease .
Examples of a commercial lease
(2) For the purposes of subsection (1):
(a) construction on land of a building to be used for business or commercial purposes, or of a hotel, motel or tourist resort, is an example of use of the land for business or commercial purposes; and
(b) use of a building on land for business or commercial purposes, or operation of a hotel, motel or tourist resort on land, is an example of use of the land for business or commercial purposes.