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A commercial lease agreement is a contract for renting office or industrial space, typically lasting between three to five years, with options for renewal. These leases are generally longer than residential ones. There are two main types of commercial leases: a gross lease, where expenses are included in the base rent, and a net lease, where tenants pay the base rent plus additional costs like real estate taxes, insurance, and maintenance. The allocation of expenses varies, with landlords usually expecting tenants to cover some operational costs. Commercial leases differ based on state and local laws.