What are the common types of commercial lease structures?

What are the common types of commercial lease structures?

Commercial leases can take various structures, depending on the specific needs and objectives of the landlord and tenant. Here are some common types of commercial lease structures: Gross Lease In a gross lease (also known as a full-service lease), the tenant pays a...
How are commercial lease rates determined?

How are commercial lease rates determined?

Commercial lease rates are determined by various factors that take into account the specific characteristics of the property, market conditions, and negotiation between the landlord and tenant. Here are some key factors that influence the determination of commercial...
What is the typical duration of a commercial lease?

What is the typical duration of a commercial lease?

The typical duration of a commercial lease can vary depending on several factors, including the type of property, industry norms, and the specific needs of the landlord and tenant. While there is no fixed standard, commercial leases often have longer terms compared to...
What happens if there is a breach of a commercial lease agreement?

What happens if there is a breach of a commercial lease agreement?

Dealing with Breach of a Commercial Lease Agreement: Rights and Remedies A commercial lease agreement serves as a legally binding contract that outlines the rights and obligations of both landlords and tenants. However, there are instances when one party fails to...
What are the rights and obligations of commercial tenants?

What are the rights and obligations of commercial tenants?

Commercial tenants have specific rights and obligations outlined in their lease agreements and governed by commercial real estate law. These rights and obligations may vary depending on the terms of the lease and local regulations, but here are some common rights and...