1031 EXCHANGE


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 three categories of leases when it comes to Gross Lease (also known as Full Service Lease), Net Lease, and Modified Gross Lease. The main similarity among these leases is that they all provide a base rent with variations around who pays for which operational expense.




 
 
 
TYPES OF COMMERCIAL LEASES