real estate






 

Question by  atticusr5 (38)

For commercial leases: what are the lease options, and what are the industry standards?

 
+7

Answer by  Dean (4035)

While there are sections of standard langauge in lease agreements, there is no "industry standard" except for a "net net net" option. Otherwise, details are negotiated between the tenant and property owner.

 
+6

Answer by  rebecca0515 (434)

A commercial lease option allows a tenant to purchase a property at the end of the lease. The transcation and necessary fees are handled by an attorney.

 
+4

Answer by  eliz31 (4)

I guess lease options would include utilites or lease to own. The only standards I know is that commercial property has to be in the right zone.

 
+4

Answer by  patti (29325)

All terms of a commercial lease are decided by the lessor and/or negotiated with the lessee. While a "net-net-net" option is not uncommon, it is not standard.

 
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