Typical Length of Lease. The leasing term varies, and it can be from 6 months to a year or more. Lease Agreements for Restaurants/Retail Stores Retail properties include shopping centers, restaurants, and individually owned shops. The larger the property, the more likely there will be multiple tenants renting space for their business. The most common types of retail properties include shopping centers, community retail centers, power centers and mixed use. Below is more information on restaurant/retail leases: Type of Lease Agreement. Popular types of lease agreements used for restaurants/retail stores include: a Modified Gross Lease, Percentage Lease or a Net Lease (Double Net Lease or Triple Net Lease). Common Leasing Terms to Negotiate or Include. Competitor clause/Exclusivity clause, Insurance clause, Renovations/Repair clause. Restaurants might want to include a termination clause if permits/licenses can’t be obtained within the contingency period. Automatic Lease Renewal. Usually.
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Samples: Rent Agreement, Commercial Lease Agreement, Commercial Lease Agreement
Typical Length of Lease. The leasing term varies, and it can be from 6 months to a year or more. Lease Agreements for Restaurants/Retail Stores Retail properties include shopping centers, restaurants, and individually owned shops. The larger the property, the more likely there will be multiple tenants renting space for their business. The most common types of retail properties include shopping centers, community retail centers, power centers and mixed use. Below is more information on restaurant/retail leases: Type of Lease Agreement. Popular types of lease agreements used for restaurants/retail stores include: a Modified Gross Lease, Percentage Lease or a Net Lease (Double Net Lease or Triple Net Lease). Common Leasing Terms to Negotiate or Include. Competitor clause/Exclusivity clause, Insurance clause, Renovations/Repair clause. Restaurants might want to include a termination clause if permits/licenses can’t be obtained within the contingency period. Automatic Lease Renewal. Usually.
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