May 31, 2024
The posts in this category are all about commercial leasing and the CRE software that supports this vital industry. This is where those in the profession, or just an interest in the category, will be able to keep up with changes in how commercial real estate is managed and how commercial leases are prepared and administered. These articles will also be available for those new to the industry or those wanting to learn more about commercial lease arrangements.
A commercial lease is a contract between a landlord and/or property owner and a tenant wishing to occupy a commercial space. A properly prepared commercial lease will outline the terms and conditions for renting a commercial property or properties. These are leases that are written specifically for those who choose to rent space that is intended for business purposes which include retail space, offices, warehouses and other industrial or commercial sites.
Commercial lease arrangements keep a strong focus on rent and all agreeable monies owed, typically on a monthly basis. There is also the matter of the lease term which includes start and end dates. A commercial lease is also likely to specify how the tenant can use the leased space and this might involve details about how the space is zoned.
Other aspects of a properly prepared lease include maintenance, repairs, insurance, options to renew and conditions in which early termination is warranted or justified.