From The Commercial Real Estate Practice Manual With Forms
- Learn the key provisions of a commercial lease.
- Learn the differences between office leases and office-warehouse leases.
A lease delineates the rights and responsibilities of the landlord and the tenant with respect to the leased premises. To accomplish this, a lease must contain certain key provisions, which are discussed in this chapter. Understanding the purpose and scope of such provisions plays a large part (along with the parties’ respective bargaining power) in determining how a lease evolves through negotiation. While the discussion to follow will focus primarily on office leases, notable differences between office leases and office-warehouse leases will be highlighted.