Leases exist to form a legal agreement between a landlord and a tenant regarding who will pay various expenses and the rules related to leasing the property. Commercial leases tend to have components that are specific to each tenant. While there is no standard format for a commercial lease, most cover the following elements in order to provide clear guidelines for both you and the landlord: Leases...
There are several types of leases that a Tenant might consider when looking for a rental space. The category of a lease depends on how the landlord determines the cost of rent and who pays for each of the property’s expenses.Understanding these different type of leases can help you decide on terms that work for your business. Common lease types include: Single net : In a single net lease, the tenant...
