As you begin to consider putting together a joint venture, you need to sit down together and consider all the different eventualities that can occur. You need to establish your goals and mission statement and put them down in writing. You will also need to list the responsibilities of each of the members of the venture as well so that there can be no mistake in who is responsible for every facet of the day to day operations, at the same time should anything go wrong it can help decide on whose shoulders any blame may fall.
Lasting for 5 or even 10 years depending on the terms the landlord and tenant set, a commercial lease is usually much longer than a residential lease. A commercial lease will often list several people on the lease both as landlords or investors and the group that is renting the space. Each person that has a stake in the agreement should be listed.