Store Lease For Free

Whether you need the capital to add units, upgrade equipment, pay off business debt, or for any one of a multitude of other reasons, a sale-leaseback allows you to reduce your expenses while continuing to run your business in the location and manner you want.

The length of a lease can range from 1 day to 999 years, although typically commercial leases fall for a period between 1 to 25 years.

A Triple Net Lease (NNN Lease) is the most common type of lease in commercial buildings. In a NNN lease, the rent does not include operating expenses. Operating expenses include utilities, maintenance, property taxes, insurance and property management.

They are rarely granted for more than 25 years. In recent years, the trend has been for considerably shorter leases and the average length is now around eight years.

Gross LeaseGross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.

The lease will be signed between the owner of the business and the landlord. Such leases are governed by the Rent Control Act and are binding. Hence, proceeding without a contract is like leaving a ticking legal bomb. Any individual above the age of 18 can enter into a commercial store lease.

It essentially lists who the Tenant is, who the Landlord is, the premises you will be renting, the term of the lease in years, any options to renew your lease, the base rent you will be paying, the expenses of the shopping center, any free rent you will get in order to build out your store, the security deposit, and