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A commercial lease agreement is a contract between a landlord and a tenant for renting office or industrial space, typically lasting between 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 the tenant pays no additional fees, and a net lease, where the tenant covers the base rent along with real estate taxes, insurance, and maintenance costs. The allocation of expenses for occupancy and operation may vary, with landlords expecting tenants to cover some costs. Lease agreements can differ based on state and local laws.