Commercial leasing typically involves negotiating rent per square foot, a lock-in period during which neither party can exit without penalty, an escalation clause for future rent increases, and a security deposit distinct from residential norms.
Before signing, confirm the building's occupancy and fire safety certifications, available power backup capacity, and whether the space allows for the specific fit-out your business requires.
Since commercial leases are usually higher-value and longer-term than residential ones, having the agreement reviewed carefully before signing is a worthwhile investment of time.
