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Question

Leasing a retail space?

When the price of a lease is $20 per square foot, does that mean annually?

2 years ago - 1 answers

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Chosen by Asker

Monthly. Read the lease before signing and see what other costs you will be responsible for. Commercial leases are often "triple net". That means you are responsible for increse in taxes, maintance or insurance... in addtion to your monthly rent. Some leases also require that you pay a percentage of your business's income in addition to the base rent. If you are new at this it is worth a few dollars to have the lease reviewed by a real estate attorney before signing.

by SuperCactus

2 years ago

Asker's Rating: