Signing a commercial lease is a monumental occasion, but it’s also a big decision. What do you want included in the lease and what are you willing to pay for separately? Are there expenses you know the landlord should cover? These are all great questions, but let’s start with learning more about commercial leases in general.
What type of commercial lease is best?
Truthfully, the answer to this question is different for every business. The most important thing is to choose the lease type that makes the most sense for your unique situation. Factors that will influence this include location, type of business, and your overall budget. However, knowing what types of leases are available and what they mean can help you in your decision making process.
Common commercial lease types
Leases vary widely between geographical locations, types of buildings and businesses, and landlords. However, there are some general commercial lease types to be aware of:
- Gross Lease
- Modified Gross Lease
- Single Net Lease
- Double Net Lease
- Triple Net Lease
- Absolute Lease
- Percentage Lease
As you can see from the chart below, each lease requires the tenant to pay rent. Beyond that, however, they vary between who pays property taxes, insurance, and building maintenance. There is even an option that includes paying the landlord a percentage of your monthly sales.
Once you understand the types of commercial leases available in the area you would like to be in, this will help you determine your actual cost of leasing. Before you sign on the dotted line and commit to leasing a particular space, know what you’re paying for! The last thing you want as a business owner is a surprise when your lease payment is due every month. This is especially important because many leases are for several years, not just one year like a residential lease might be.
Find the best commercial space for YOUR business
At TXRE Properties, we’re proud to be your partner in commercial real estate. Our professional real estate brokers listen to your wants and needs to learn more about your business and its unique requirements. Then, we help you find the best space that matches your company’s goals, interests, and financial objectives.
Are you ready to sign a commercial lease in the Dallas-Fort Worth, Arlington Metroplex region? We have an extensive real estate portfolio of premier properties and office buildings throughout the DFW area. Simply contact us today to get started or to arrange a tour.