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What is the most common commercial lease agreement?
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.
What are the disadvantages of a month-to-month lease?
There are some cons to a month-to-month lease that you should be aware of: Unstable income stream: One of the biggest disadvantages of a month-to-month lease is the lack of income stability. Higher turnover rates: A month-to-month lease often leads to higher tenant turnover rates.
What is the minimum term for a commercial lease?
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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