Newcor Blog

1 minute reading time (175 words)

Standard Lease Terms (+ Pros & Cons)

rsz 1types of commercial office buildings

 

Today's Tenant Rep Tuesday Tip topic: The Standard Lease Terms, Plus the Pros and Cons of each

Average commercial lease lengths are three to five years but can extend for seven or ten years.

  • 3 & 5 Year Lease: Offer more flexibility for the Tenant and are helpful if the tenant(s) anticipates growth over time. Three and five year leases also offer fewer concessions (or tenant build-out / allowances) and the tenant may be required to pay for some buildout costs if space the tenant leases requires a lot of construction
  • 7 & 10 Year Lease: These leases have more concessions (or tenant build-out / allowances) because the landlord is able to amortize costs over a longer period of time. It ends up being a win-win situation for both landlord and tenant.

Let us help you review which lease term has the best fit for your company.

 

 Be sure to follow us on LinkedIn for the most current #TRTT insight.

 

Have questions or comments?

Reach out to us at 281-210-3090 or info@newcorcre.com

Tenant Improvement Allowance & Buildout Costs
Types of Commercial Leases

Related Posts

By accepting you will be accessing a service provided by a third-party external to http://newcorcre.com/