Five Important Terms of a Commercial Lease Agreement

Commercial lease agreements can be one of the most important documents for your business. For many businesses, it is the highest non-payroll expense. A business owner needs to make sure that he/she understands the lease and the impact of its terms. It is always a good idea to hire a real estate attorney to review the commercial lease agreement, but you also need an independent understanding of some basic ideas. 1.         Types of leases – There are two primary types of leases and a lot of variation of how they are applied. The first primary type of lease is called a...