Contributed By Allen Matkins Leck Gamble Mallory & Natsis LLP
There are office, industrial and retail leases of commercial property.
Office leases are the most highly complicated and thus highly negotiated leases, and can run to hundreds of pages.
Industrial leases are less complicated, as the properties are used primarily for storage. Due to space limitations, industrial tenants are highly constrained and do not have much room for negotiation; hence these leases are shorter. Retail leases focus on terms and conditions to help maximize the retailer’s ability to sell product.