It’s crucial to understand from the get-go that, practically and legally speaking, commercial leases and residential leases are quite different. Before you sign a lease agreement, you should carefully investigate its terms to make sure the lease meets your business’s needs.
Renting commercial space is a big responsibility — the success or failure of your business may ride on certain terms of the lease. Before you approach a landlord, you should understand how commercial leases differ from the more common residential variety, and before you sign anything, make sure you understand and agree with the basic terms of the lease, such as the amount of rent, the length of the lease and the configuration of the physical space.
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