{"id":912,"count":3,"description":"\r\n\r\nJump to: \r\nWhat is a lease?<\/a>\r\nWhat types of lease are there?<\/a>\r\n\r\nWhat is a lease?\r\n\r\nThe term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial\/for profit use of the property.\r\n\r\nThis type of rental agreement usually covers a longer period of time\u2013the lease term is at least a few years. The payment is usually based on the square footage occupied by the tenant and, depending on the type of lease, the periodical payment may include other expenses incurred by the tenant.\r\n\r\nContrary to the residential rent which comes with certain protections for the tenant, a commercial tenant is considered to be on equal footing with the landlord in negotiating a commercial lease agreement. Therefore, there are usually far fewer state protections in place that look out for a business tenant.\r\n\r\n\r\n\r\n\r\n\r\nWhat types of lease are there?\r\n\r\nPercentage Lease \u2013 in addition to a set rent, the tenant also pays a percentage of sales over an agreed-to threshold. Often encountered in retail leases and malls.\r\n\r\nGross Lease \u2013 a.k.a. Full-Service Lease, whereby the rent is all-inclusive. The landlord pays all expenses associated with the property, while the tenant can focus on their business. Often negotiated in office, some industrial and some retail leases.\r\n\r\nNet Lease \u2013 a lease agreement by which a tenant also pays for expenses, besides the set rent, either partially or in full. Percentages are negotiable.\r\n\r\n- Single net lease (N) \u2013 in addition to rent, the tenant also pays some or all of the property taxes, insurance or maintenance. Encountered for any type of commercial lease.\r\n- Double net lease (NN) \u2013 the tenant pays rent plus taxes and insurance. Encountered for any type of commercial lease.\r\n- Triple net lease (NNN) \u2013 the tenant pays rent, taxes, insurance and maintenance. Encountered for any type of commercial lease.\r\n\r\n\r\n\r\n\r\nYou might also be interested in:\r\n\r\nIs it better to have a high or a low cap rate?<\/a>\r\nUndisclosed Principal<\/a>\r\nWhat are adjoining owners?<\/a>\r\n\r\n\r\n\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n \r\n \r\n Fiduciary <\/a>\r\n\r\n \r\n Inflation <\/a>\r\n\r\n \r\n Contingency <\/a>\r\n\r\n \r\n Escrow<\/a>\r\n\r\n \r\n Power of attorney <\/a>\r\n\r\n \r\n Real Estate Agent <\/a>\r\n\r\n \r\n Eminent Domain <\/a>\r\n\r\n \r\n Liability <\/a>\r\n\r\n \r\n Statute of Limitations<\/a>\r\n\r\n \r\n Valid <\/a>\r\n\r\n \r\n Variance<\/a>\r\n\r\n \r\n Contiguous <\/a>\r\n\r\n \r\n Deficit<\/a>\r\n\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/","name":"Lease","slug":"cre-term-lease","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is a Lease? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial\/for profit use of the property.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lease Archives\" \/>\n<meta property=\"og:description\" content=\"The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial\/for profit use of the property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/\",\"name\":\"What is a Lease? - Commercial Real Estate Dictionary\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"description\":\"The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial\/for profit use of the property.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/#breadcrumb\"},\"inLanguage\":\"en-US\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lease\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is a Lease? - Commercial Real Estate Dictionary","description":"The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial\/for profit use of the property.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/","og_locale":"en_US","og_type":"article","og_title":"Lease Archives","og_description":"The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial\/for profit use of the property.","og_url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/","og_site_name":"CommercialCafe","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"CollectionPage","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/","url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/","name":"What is a Lease? - Commercial Real Estate Dictionary","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"description":"The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial\/for profit use of the property.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/#breadcrumb"},"inLanguage":"en-US"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lease\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Lease"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags\/912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts?tags=912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}