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A commercial lease agreement is a contract between a landlord and a tenant to rent office or industrial space, typically spanning three to five years, with renewal options often included. Commercial leases can allocate occupancy and operational expenses, which landlords usually expect tenants to cover partially. There are two primary types of commercial leases: a gross lease, where all expenses are included in the base rent and the tenant pays no additional amounts; and a net lease, where the tenant pays the lease amount along with real estate taxes, insurance, and maintenance costs. Lease terms can vary based on state and local laws.