A business property lease or commercial lease is a legally binding contract between a business owner and the owner of the real estate property.
These documents are more complicated than residential leases, because the lease is usually customised to the individual situation. The lease terms and conditions need to be carefully read to make sure that they match the needs of your business.
Can I negotiate the terms?
Yes, lease terms are often negotiable. The specific terms or restrictions which may be up for negotiation include the rent amount, rent increases, the duration of the lease, the modifications you can make to the property and whether you can transfer or assign the lease.