Leasing is the transaction made between the owner of the property and the person who is renting in accordance with certain procedures with a contract. The rental process is also divided into classes within itself. Commercial real estate leasing transactions are among the prominent transactions recently.
What is Leasing Property?
Lease, or leasing property, is a contract that a person agrees to rent a property belonging to another person for a certain period of time. With this contract, the tenant agrees to use the property and in return guarantees regular payments to the property owner for a certain period of time.
The lease agreement gives certain rights to both the lessor and the lessor. If either party does not fulfill these conditions, the parties have the right to go to court to fulfill the conditions.
Rental Agreement
Rental contracts are binding and legal agreements that determine the conditions between the landlord and the tenant in immovable properties. The conditions included in a residential lease agreement are:
real estate address
Landlord and tenant information
Landlord and tenant responsibilities
Rent
Necessary security deposit
rental period
due date
Other important information
Although not all rental contracts are the same, the above articles are the ones that should be standard in every contract.
What is Commercial Property For Lease?
Commercial real estate rental is renting a property as a work space, not for living. Commercial real estates are properties that are used as business premises for income purposes. Commercial real estate has the potential for capital gains or profit gains.
Commercial leasing commercial property for lease system includes renting any place that can be used as a workplace, starting from a small shop window to a large office, warehouse, restaurant or a large shopping mall.
All areas such as offices, holiday villages, shopping malls, warehouses, restaurants, health facilities fall under the category of commercial property for rent.
Commercial Real Estate Lease Agreements
Individuals or companies rent their real estate that can be used commercially to earn money. In commercial real estate lease agreements, the landlord grants the tenant the right to do business on their own property in return for a certain price.
People who will rent commercial real estate should do a thorough research before renting. Because the commercial real estate rental process has quite different conditions from the residential rental process. In commercial property rentals, the tenant has more responsibility than renting a house.
Types of Commercial Real Estate Rentals
The most common types of commercial real estate leases are:
Single Net Lease Method: It is the rental method in which the property tax is paid by the tenant.
Two Net Lease Methods: It is the rental method in which the property tax and insurance fee are paid by the lessee.
Triple Net Lease Method: It is the rental method in which the property tax, insurance fee and maintenance costs are paid by the tenant.
Gross Lease Method: It is the lease method where the lessee is not responsible for the costs and is only liable to pay the rent.
