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when it comes to acquiring more space or opening new locations many business owners think that leasing commercial real estate is less complicated than buying but that just isnt so before you sign a lease you should read it carefully and understand some key points that can make or break your business my name is Edward Woodall and Im a commercial real estate lawyer at the ven Law Group in this video I will identify a few key points in commercial leases and explain how they work Ill be talking about rent and how it is paid tacam and options to extend or renew the lease lets begin by talking about rent most of the time when you see a rent figure in a lease its called base rent or sometimes fixed rent or minimum rent if youve rented an apartment you understand base rent you pay a fixed amount due on a specified date every single month easy enough but there are some complicating factors first you need to determine when the rent is due this is typically the first day of the month but th