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A commercial lease agreement is a contract between a landlord and tenant for renting office or industrial space, typically lasting three to five years, with options for renewal. Commercial leases are usually longer than residential ones and may include a variety of expense allocations related to property occupancy and operation. There are two main types of commercial lease agreements: a gross lease, where expenses are included in the tenant's base rent, and a net lease, where the tenant pays their rent plus additional costs such as real estate taxes, insurance, and maintenance. Lease terms can vary based on state and local laws.