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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 from 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 specified rent plus real estate taxes, insurance, and maintenance costs. Additionally, lease agreements may allocate operational expenses, with landlords expecting tenants to cover some costs. It's important to note that commercial leases can vary based on state and local laws.