How does a commercial lease differ from a residential lease?

            A commercial lease is a much more complicated document than a residential lease.  The term, or length of the lease, is much longer, but that does not mean that the rent stays the same throughout the term.  Tenants of a commercial space are also responsible for more than just paying rent, unlike in a residential lease.  Commercial leases often require that the tenant pay a portion of the real estate taxes, utilities, water bill, to name a few items.  This additional expense is often referred to as “Additional Rent” in a commercial lease.

            Landlords often require that a tenant personally guarantee the commercial lease as well.

            For more information, take a look at an article I wrote on this issue.  [Link]

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