Commercial lease agreements

If you are planning to open a business and you don’t own premises where you can provide your services, you will have to rent part of a building and sign a lease agreement. You will either sign a new lease agreement or take over an existing one.

Agreeing to a commercial lease

What type of lease should you choose ?

A TRADITIONAL COMMERCIAL LEASE AGREEMENT

The most common type of retail lease is the nine-year commercial lease agreement.

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SHORT-TERM LEASE AGREEMENT

This type of agreement is interesting for temporary shopspop-up stores, and businesses that only want a lease for one year maximum.

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JOINT TENANCY 

This type of lease covers shared space and the rent is split with another retailer.

Note: this concept is not defined in law. If you are interested in this option, you will have to find a formula that complies with the lease contract and the needs of the owner and of the tenants.

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