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Questions to Ask When Viewing a Commercial Property What type of commercial lease is being offered?What is the minimum lease term?What amenities are included?What insurance coverage is required?How much parking is allotted to the renter?Is there room for expansion?Can you make changes to the office space layout?

12 questions to ask a landlord before renting How long is the lease term?What's included in the rent?When is rent due and how do I pay it?Is the security deposit refundable?Is renters insurance required?How much notice do I give before vacating?What's the penalty for breaking my lease?

In the commercial leasing industry, $/SF/year or $/SF/yr means the rent per square foot per year. Why is this important? This is because most commercial rental rates are usually quoted in dollars per square foot on an annual basis.

Look at the $/SF, or ?Sales Price per Square Foot? for each of these.

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?The landlord agrees to rent out the business property, which is typically an office space, in exchange for money,? Khanna told Business News Daily. ?Commercial leases typically last from three to five years, creating a long-term relationship between the lessor and lessee.?

The leasing process begins when the lessee agrees to enter into a leasing agreement with the lessor. After gathering information and conducting thorough research, the lessee goes to the leasing company or broker (lessor) and a lease contract is roughly negotiated and finalized between them.

Most commercial lease rates are quoted in annual dollars per square foot. Example: $15/SF In most cases (at least on the east coast of the US) this means you will pay $15.00 per square foot per year.

Leasing capital equipment: Lowers upfront costs, compared to buying equipment outright. Reduces the chance that your company gets stuck with obsolete equipment, if your contract specifies upgrades. Transfers the cost of equipment maintenance to the leasing company, again according to the terms of your contract.

There are different types of leases, but the most common types are absolute net lease, triple net lease, modified gross lease, and full-service lease. Tenants and proprietors need to understand them fully before signing a lease agreement.