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A lease addendum is a legally binding document that both landlords and tenants agree to and sign (i.e., you can't add it to the lease without the tenant's knowledge!). Addendums modify the original lease agreement and/or provide additional information related to specific rental policies.

A graduated lease is an agreement under which a tenant and landlord agree to a periodic adjustment of monthly payments. For example, the agreement may reflect an increase in the tenant's payments due to market conditions or an increase in the value of the leased property.

There are four different types of lease: gross lease, net lease, percentage lease, and variable lease....Let's have a look at each one. Gross Lease. Gross leases are most common for commercial properties such as offices and retail space. ... Net Lease. ... Percentage Lease. ... Variable lease.

Lease fee adjustment means the department application of the rental rate contracted in the lease to the most recent appraised market value to determine if it is necessary to alter the annual rental payment. The adjustment will occur at the review period defined in the lease.

Evaluate your business needs. Do a little homework before negotiating a lease. ... Always involve a lawyer. ... Understand your costs. ... Understand your lease options. ... Check market rents. ... Research the property. ... Seek tenant inducements. ... Review termination conditions.

The most common scenario for renegotiation is rent reduction, where you can ask for a specific amount reduced each month for the remainder of your lease, especially if market prices have dropped substantially in your local area.