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A commercial lease agreement is a contract for renting office or industrial space between a landlord and tenant, typically longer than residential leases, with terms usually ranging from three to five years and options for renewal. There are two primary types of commercial leases: a gross lease, where expenses are included in the base rent, requiring no additional payments from the tenant; and a net lease, where the tenant pays a monthly rent plus real estate taxes, insurance, and maintenance costs. Lease terms may vary based on state and local laws, and landlords generally expect tenants to cover a portion of occupancy and operational costs.
