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A commercial lease agreement is a contract between a landlord and a tenant for renting office or industrial space, usually lasting between three to five years with possible renewal options. These leases differ from residential leases by their length and terms. There are two primary types: a gross lease, where all expenses are included in the base rent, meaning tenants pay no additional costs, and a net lease, where tenants pay the base rent plus real estate taxes, insurance, and maintenance fees. It's important to note that leases can vary based on state and local laws, affecting how expenses are allocated for occupancy and property operations.