Renting a commercial property can be a daunting experience for first-timers. If you don’t know your way around the paperwork involved in renting a property for your business, you need to hire a commercial realtor who can take care of your affairs. It can be overwhelming to navigate the tedious and oftentimes confusing process alone.

To get you started, below are a few answers people frequently ask their commercial realtor about leasing a property:

What’s the Difference Between a Lease & a Rental Agreement?

A lease is a long-term rental agreement with a minimum cycle of  12-months. If you’re only planning to rent a space for nine months, you’re not eligible for a lease. When you enter a lease with a landlord, you’re agreeing to a fixed amount of stay and monthly rates. The terms of your agreement cannot be amended without the written consent of the other party.

What Are the Different Types of Commercial Leases?

Full-service lease, modified gross lease, and net lease are the three types of commercial options. In a full-service lease, the landlord is responsible for all the costs associated with the property, from maintenance and repairs to land taxes. A net lease is usually offered at a much lower monthly rate, but the landlord can add pro-rata charges to compensate for the expenses. A modified gross lease is a type of agreement where both tenant and landlord share the costs associated with the property and serves as the middle ground between a full-service and net lease.

What Are the Types of Commercial Zoning?

Commercial zoning refers to the classification of a property based on its specific use. There are separate property zones for retail, restaurant, leisure, industrial, and office use. You can’t rent a commercial property built in an industrial zone and convert it into your office, or it will be deemed in violation of the codes.

Leasing a property for your business is easy with a dependable commercial realtor by your side. The professionals at Galvin Realty Group, Inc., have been offering property management and estate planning services in all of Monroe and the surrounding Counties since 1987. Call them at (585) 5461290) to speak with a commercial realtor today or visit their website to learn about their full range of services.