Commercial Leasing in
How Do I Rent a Commercial Location for my Business?
Understanding commercial leases is important before renting office space for a small business. The type of lease, lease terms, and early termination provisions are all important parts of a commercial lease and are all relevant for how to negotiate commercial lease build out. Using an experienced agent is imperative to negotiating you the best deal for the area and market and can save you thousands! Best part is many landlords will pay your broker's commission!
Commercial leases generally fall into one of the THREE types based on how the building’s operating expenses are passed on to the tenants:
- Gross or full-service lease You pay a flat monthly rate from which the landlord pays all operating expenses, including utilities, property taxes and maintenance. This is a simple and convenient option for tenants. Just make sure you understand the extent of expenses included with the lease. For instance, are cleaning services provided? Is heating and air conditioning available 24/7? Is there a limit on electricity use, and if so, how will you be charged for excess? All such terms should be spelled out in the lease, so there are no surprises down the road.
- Net lease In a net lease....Register now for more information...