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Q: If you buy a ten-year lease on a commercial motel do you also have to pay rent?
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Key Differences Between a Commercial and Residential Lease?

If you�re opening your own business, you are probably looking for the right commercial space. While most people are somewhat familiar with residential leases, commercial lease are completely foreign. When looking for a commercial lease, you will notice a few key differences. The first difference is that commercial leases are typically longer than residential leases. Commercial leases also cover important aspects like parking, repairs to the property, signage, alterations to the property, and liability. While a residential lease may touch on these subjects, they generally do so on a much smaller scale since residents rarely need a great deal of parking and insurance to accommodate their visitors. Before signing a lease, make sure that these terms meet your future needs.


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