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Manage Commercial Lease Application

Manage Commercial Lease Application

Aug 6th, 2022

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How to Manage Commercial Lease Application

4.7 out of 5

43 votes

A commercial lease agreement is a contract between a landlord and a tenant to rent office or industrial space, usually lasting three to five years, with options for renewal. Commercial leases are generally longer than residential ones. There are two main types of commercial leases: a gross lease, where expenses are included in the tenant's base rent, meaning no extra payments are required; and a net lease, where the tenant pays the agreed rent plus additional costs for real estate taxes, insurance, and maintenance. Lease terms can vary based on state and local laws, and landlords typically expect tenants to cover some portion of occupancy and operational expenses.

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