4 Ways A Lease For Your Office Rental Space In Kansas City Differs From A Residential Lease
There are a few differences between residential and commercial leases—leases used for housing and apartment rentals versus warehouse or office space rentals. Here are a few particular things to be aware of that differentiate a residential space from a commercial space, as outlined in “Differences Between a Residential and Commercial Lease”:
- Laws about Habitability. When renting a residential space, landlords are required to provide a habitable space. If there is infrastructure, infestation, or heating problems with a space, the landlord is infringing on the tenant’s rights. However, this isn’t exactly the case for commercial space, although habitability could be a good negotiation point.
- Protections. Because it is assumed that commercial tenants entering into a written contract have knowledge or experience in doing this sort of business, there are a lot less legal protections in place for the tenant than there are for the average residential tenant.
- Negotiation. Negotiation plays a larger part in commercial leasing agreements. Tenants are expected to contact third party professionals to help give them insight for negotiating the price or incentives for the space.
- Lease Agreement. Commercial leases are usually more unique than residential agreements. Most of the time they are designed according to the tenant’s needs and the amount of time the tenant plans on using the space. This could range from one year to five or ten years. These set lease terms are then up again for negotiation once the term is over.
Even though you might have some experience with personally renting residential space, it is important to be aware of the differences in a commercial lease and how you can use those differences to your advantage.