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Why is it important for tenants and owner/landlords to review the insurance section of a commercial lease?

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Final answer:

Tenants and owner/landlords should review the insurance section of a commercial lease to understand their responsibilities and liabilities regarding insurance coverage.

Step-by-step explanation:

It is important for tenants and owner/landlords to review the insurance section of a commercial lease because it outlines the responsibilities and liabilities related to insurance coverage. By reviewing this section, tenants can ensure that they have adequate insurance to protect their business and assets in case of any unforeseen events such as accidents or natural disasters. Owner/landlords can also protect themselves by including clauses that require tenants to have certain types of insurance and specifying the coverage limits.

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