Office Space Rental Agreement Template 2025

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A Commercial Lease Agreement is a document that outlines the terms for renting a property for business use. It lists responsibilities, rent details, and legal rights to protect landlords and tenants. Trusted by 3,276 users.
The most common types include Full Repairing and Insuring Lease (FRI) lease, Gross Lease, Net Lease and Percentage Lease.
Gross Lease Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.
The national average full-service equivalent listing rate for office space was $32.63 per square foot in August, which followed a slight correction of -0.4% year-over-year (Y-o-Y). Meanwhile, the national vacancy rate dipped 80 basis points (bps) compared to the previous year to docHub 18.7% last month.
The most common types include gross lease, modified gross lease, triple net lease (NNN), percentage lease, and absolute net lease. Each differs based on how operating expenses like taxes, insurance, and maintenance are allocated between landlord and tenant.
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The most common type of lease for office space is the commercial office lease. This lease is essentially a contract between a landlord and a tenant for renting office space in a commercial property.
The average lease term for office space tends to be around 3 to 5 years. Factors influencing lease duration include the tenants business needs, industry standards, and negotiations between the landlord and tenant.
Negotiate lease length Commercial leases do not have specific minimum or maximum durations. However, they typically span from one to 25 years, with the majority falling within the range of three to ten years.

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