Commercial Leasing
Commercial leasing operates on multi-year contracts that require complex negotiation regarding fit-out periods, security deposits, escalation rates, and common area maintenance (CAM) charges. In a Triple Net Lease, the corporate tenant pays the base monthly rent plus building insurance, real estate taxes, and maintenance fees, providing the property owner with predictable net income.
Developers typically grant tenants a 30-to-90 day rent-free period to set up interior partitions, cabling, server rooms, and custom branding before rent accrues. Leases feature escalation clauses and are subject to market revisions, ensuring long-term rental appreciation.
Key Topics Addressed in this Guide
Myths vs. Verified Facts
"Commercial lease rates are fixed and cannot be changed."
Leases feature escalation clauses (typically 12% to 15% increases every three years) and are subject to market revisions.
"Tenants can exit a commercial lease at any point without penalty."
Commercial contracts contain lock-in periods. Exiting early makes the tenant liable to pay rent for the remaining lock-in duration.
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