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A retail or commercial lease is like a contract between the landlord ( also called lessor) and a tenant ( also called lessee) to rent a property. Leases typically run for terms anywhere between 12 months to 25 years.
The length of a lease can range from 1 day to 999 years, although typically commercial leases fall for a period between 1 to 25 years.
A standard commercial lease is about three to five years. As a middle ground between short and long leases, standard commercial leases bring the best of both together. Standard lease agreements give tenants some flexibility in negotiations and the ability to move in the future.
A retail or commercial lease is like a contract between the landlord ( also called lessor) and a tenant ( also called lessee) to rent a property. Leases typically run for terms anywhere between 12 months to 25 years.
A 99-year lease is generally the longest possible lease term for a piece of real estate property. It used to be the longest possible under common law.
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A Triple Net Lease (NNN Lease) is the most common type of lease in commercial buildings. In a NNN lease, the rent does not include operating expenses. Operating expenses include utilities, maintenance, property taxes, insurance and property management.
Commercial leases tend to be longer term leases than residential. Residential leases generally max out at one year and then move to month to month. Commercial leases usually have a minimum period of one year, though typical leases are much longer than that.
The terms for Manhattan commercial leases generally range from two to 15 years. Because of the costs required to re-market a property including legal fees, build-out costs, and rent lost during vacancy landlords generally require a minimum two-year lease term.

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