Breaking down a Commercial Lease for owners and tenants

Entering a Commercial Lease compared to a residential one comes with its fair share of differences. The main distinction, of course, is that commercial properties are used primarily for business purposes (retail, office or industrial), while residential properties serve as living spaces.

Beyond face value, Commercial Lease Agreements cover legal rights and responsibilities typically not encountered in Residential Leases. Both tenants and landlords need to be aware of these considerations prior to negotiating lease terms. In this guide, we’ll explore these considerations and give a well-rounded view of Commercial Leasing from both sides.

Leasing commercial property as an owner

As a landlord, you should be confident your Commercial Lease operates within your best interests. At the same time, it's also good practice to understand your rights and obligations under the lease.

Renting commercial property as a tenant

If you’re a tenant about to sign a Commercial Lease, you need to know what you’re getting into. Making sure you clearly understand the lease terms will help you feel secure and informed before entering into the agreement.

Please note: The information covered in this guide is general and should never be substituted for professional legal advice. Contact us for further information.