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Real Estate > Commercial Leasing

Commercial Leasing

Commercial leases set the framework for relationships between landlords and tenants in retail, office, or industrial spaces. Unlike residential leases, commercial leases are highly negotiable and complex. At GBC Law, we help both landlords and tenants draft, review, and negotiate terms that align with their goals.

For Landlords

We draft leases that protect income streams, maintain property value, and set clear tenant responsibilities. Enforcement and remedies are also critical if tenants default.

For Tenants

We review terms to avoid hidden costs, restrictive clauses, or obligations that could hinder operations. Negotiating fair terms up front saves disputes later.

Key Lease Provisions

  • Rent and operating costs – Fixed rent, additional rent, and common area maintenance.
  • Term and renewal options – Duration, renewal rights, and rent escalations.
  • Use of premises – What activities are allowed, exclusivity clauses, and restrictions.
  • Assignment and subletting – Whether the tenant can transfer their lease or bring in others
  • Termination rights – Options for ending the lease early.
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    Frequently Asked Questions

    Should I have a lawyer review an Offer to Lease before I sign?
    Yes. An Offer to Lease is more than just a draft—it can create binding obligations. Having a lawyer review it ensures key terms like rent, renewal rights, and tenant obligations are properly defined before you’re locked in.
    Can the parties change the terms of the lease after it has been signed?
    Generally, no. Once a lease is signed, both landlord and tenant are bound by its terms. Changes can only be made if both sides agree, usually through a written amendment. That’s why careful review before signing is so important.
    What is a triple net lease?
    A triple net (NNN) lease means the tenant pays not only the base rent, but also property taxes, insurance, and maintenance costs for the space. It shifts many of the property’s ongoing expenses from the landlord to the tenant.
    What is a demolition clause?
    A demolition clause allows a landlord to terminate the lease early if they decide to demolish, redevelop, or significantly renovate the property. These clauses can create uncertainty for tenants, so it’s important to understand the conditions and notice periods before agreeing.