That might include one or multiple additional expenses, including: With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property. ![]() Single Net LeaseĪ net lease is perhaps the most common form of commercial lease agreement. Here, we look at the different commercial lease types and the typical terms that comes with an agreement. The biggest determinant of those rights will usually be the type of lease being agreed upon by the tenant and landlord.įor property owners and businesses, the benefits of different lease types can actually vary quite a bit, all depending on the business type, location, and intentions of the owner. While agreements may be negotiated by reps on the landlord or tenant side (or both), ultimately, it is the owner/landlord who signs as the lessee, and the tenant who signs as the lessor.Ī lease agreement essentially grants a tenant a specific set of rights related to a building, much aside from just being able to occupy space in that building. ![]() A commercial lease is a legally binding agreement made between a landlord and a business tenant.
0 Comments
Leave a Reply. |