Understanding the Different Types of Commercial Leases
When it comes to leasing commercial property, there isn’t a one-size-fits-all agreement. Business owners and investors can choose from several types of commercial leases, each offering a different level of responsibility and financial commitment. Understanding the various types of leases is crucial for making informed decisions and protecting both tenants and landlords. In this blog post, we'll break down the most common types of commercial leases and help you understand their differences. 1. Gross Lease (Full-Service Lease) A gross lease is one of the simplest types of commercial leases. In this arrangement, the tenant pays a fixed rent amount, and the landlord covers most, if not all, of the property’s operating expenses. These expenses typically include property taxes, insurance, and maintenance. For tenants, a gross lease provides the advantage of…