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Agreement between a landlord and a business outlining terms and conditions of property rental. A commercial lease is specific to renters using the property for business or other commercial purposes versus residential use.
Before you enter into a lease, you should be aware of whether it is retail or commercial. Commercial leases have less regulation than retail leases and rely on the negotiation between the landlord and the tenant.On the other hand, retail leases rely on both negotiations and retail leasing laws.
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