There are multiple types of commercial leases in Pennsylvania:
➡️ The Gross Lease — Often used for office or retail space, the landlord or owner pays for everything associated with the space you’re leasing, including taxes and maintenance, and your portion of the expenses are included in your rental amount
➡️ Net Lease — The tenant pays not only rental for the space but also the usual costs of operating and maintaining the property
➡️ Triple Net Lease — The lessee pays all real estate taxes, building insurance, and property maintenance, in addition to a rental fee
➡️ Percentage Lease — The lessee is required to pay not only a monthly rental fee but also a percentage of revenue earned
Commercial leases are often more complicated than residential leases, but a commercial real estate attorney can help you ensure you aren’t being taken advantage of in the terms of your lease. Contact us at the Law Offices of Kelton M. Burgess, LLC today.
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