DIFFERENCE BETWEEN COMMERCIAL AND RETAIL LEASES
Many business owners may not realize that commercial leases are different from retail leases. In Brisbane, retail leases typically apply to shops and stores, while commercial leases are designed for office spaces.
Understanding the distinctions between commercial and retail leases is essential for making informed decisions when selecting a commercial property. Gaining clarity on these differences can guide you in choosing the best option for your needs.
1. UNDERSTANDING COMMERCIAL& RETAIL LEASES
A commercial lease is specifically applicable to non-residential properties that are zoned for warehousing, industrial work and office spaces.
Retail leases apply to commercial properties that are permitted to be used for selling goods and services.
FEATURES OF COMMERCIAL AND RETAIL LEASES
The tenant can negotiate Commercial lease terms to make them more favourable, such as including the rent renewal clause and increasing the lease term.
The unique features of retail lease include higher rent and limited opening hours for stores within a shopping centre.
While commercial and retail leases may seem similar at first glance, they have important differences. Business owners seeking retail spaces should be aware of these distinctions to avoid being misled or taken advantage of by landlords.
https://www.commercialproperty2sell.com.au/blog/2024/ 04/difference-between-commercial-and-retail-leas.php
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