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A commercial lease agreement is a contract for renting office or industrial space between a landlord and a tenant, typically lasting three to five years. It is common for tenants to have options to renew. Commercial leases usually involve expenses for operating the premises, with landlords expecting tenants to pay some of these costs. There are two main types of leases: a gross lease, where all expenses are included in the base rent, and a net lease, where tenants pay rent plus additional costs such as taxes, insurance, and maintenance. Lease terms can vary based on state and local laws.