commercial leasing
Renting retail space
Commercial leasing is the renting of property for business purposes rather than residential use.
A commercial lease governs the relationship between landlord and tenant for retail stores, office buildings, warehouses, and other business spaces.
Terms are typically longer and more negotiable than residential leases: The startup signed a five-year commercial lease for downtown office space.
- office spaceProfessional work area
- square footageInterior area measurement
- letter of intentPreliminary agreement expressing commitment
- retail spaceCommercial property for selling
- anchor tenantMain retailer in complex
rent escalation · tax implications · due diligence · vacancy rates · security deposit · zoning regulations · property inspections · eviction process · liability insurance · subletting · communication protocols
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