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    Cameron Campbell and Angie Naccarato

    Sales Representatives

    RE/MAX Realty Specialists Inc., Brokerage

    An Introduction To Commercial Rentals 

    Below are a few things to know when looking to lease Commercial property.  With our extensive searches and Commercial knowledge, we can help you locate the perfect space!

    Percentage Lease

    This is very common with retail spaces.  You pay a base rent plus a percentage of sales.  

    Net Lease

    In addition to the price per sq. foot, you also pay for some or all of the other expenses associated with running the property.  In a double net lease this would include taxes and insurance.  In a triple net lease this would include taxes, insurance, and maintenance.  It is always a good idea to negotiate for caps on how much they can be increased each year. 

    Gross Lease

    All fees are accounted for in the per sq. footage price quote

    Lease Term

    A short-term lease with multiple options to renew after the lease is up is always a good option.  Just in case you go out of business or outgrow your space, you are not stuck with the lease.  You also avoid losing the space if it continues to serve your needs well. However, commercial leases are generally longer than residential leases, sometimes with terms of 5 or even 10 years.

    Rent Increases

    Landlords will generally try and work into the lease an annual increase in rent and should be understood before entering into any lease.  

    Expenses

    With most residential leases the landlord is responsible for the maintenance of the property and fixing things like AC units and other appliances.  This is not always the case with commercial property so make sure the lease clarifies who is responsible for what expenses


    NARROW DOWN YOUR SEARCH FOR COMMERCIAL RENTAL LISTINGS NOW! 

    COMMERCIAL RENTAL LISTINGS

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