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A commercial lease agreement is a contract between a landlord and tenant for renting office or industrial space, typically lasting three to five years. Tenants often have renewal options. There are two main types of commercial leases: gross leases, where expenses are included in the base rent and tenants pay no additional rent, and net leases, where tenants pay the agreed rent plus real estate taxes, insurance, and maintenance costs. The lease terms can vary based on state and local laws, and while landlords may expect tenants to cover some occupancy and operational costs, the specific allocation of these expenses can vary by agreement.