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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, with options for renewal. There are two main types of commercial leases: a gross lease, where expenses are included in the base rent, and a net lease, where the tenant pays the base rent plus additional costs like real estate taxes, insurance, and maintenance. These agreements can differ significantly based on state and local laws, and landlords generally expect tenants to cover some operational costs associated with the property.