WHAT ARE COMMERCIAL LEASES?
A commercial lease is required any time a business rents a commercial property for the purpose of conducting business from that location. The commercial lease agreement is a legally binding contract used in the commercial real estate industry.
There are several categories of leases which include Gross Lease (also known as Full Service Lease), Modified Gross Lease and Net Leases (Single, Doublt and Triple). The main similarity among these leases is that they all provide a base rent with variations who pays for which operational expense.
