Commercial leases can vary in length, but most commonly range from 3 to 10 years. The duration of a lease can be negotiated between the landlord and tenant to suit their individual needs and circumstances.
There are several types of commercial leases, including gross leases, net leases, and percentage leases. Each type has its own unique structure and allocation of costs between the landlord and tenant.
Rent increases in commercial leases are typically determined by negotiation between the landlord and tenant. Rent review clauses may be included in the lease agreement to outline the specific terms and frequency of rent adjustments.
Early termination of a commercial lease is possible under certain circumstances, such as a break clause or mutual agreement between the landlord and tenant. However, early termination may involve penalties or additional costs, which should be considered before proceeding.
Disputes between landlord and tenants can arise for various reasons, such as rent arrears, property maintenance, or lease breaches. Our experienced legal team can provide expert guidance on resolving disputes through negotiation, mediation, or litigation, depending on the specific circumstances.
