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A commercial lease agreement is a contract for renting office or industrial space between a landlord and tenant, typically lasting three to five years, with options for renewal. There are two main types of commercial leases: gross leases, where expenses are included in the base rent and no additional rent is required, and net leases, where tenants pay the agreed amount along with real estate taxes, insurance, and maintenance costs. Commercial leases can vary based on state and local laws, and landlords generally expect tenants to cover some occupancy and operational costs.