A commercial lease is a written treaty or contract between a business tenant and a property owner. This binds the contract legally and allows the tenant to make use of such premises for their business activity for a particular period by guaranteeing to pay at an agreed rate to the property owner. Commercial leasing involves a two-part process. The first aspect is to sign the offer to lease. After the negotiation has taken place, the lease containing all the information about the negotiation is signed.

The following are few items that HR must keep in mind in investigating the commercial property.

• Be prepared to negotiate. All terms are expected to be agreed on instantly, therefore be prepared as a boy scouts.
• Ensure you take your time to perfectly understand what is included in the lease. Go through it painstakingly and do not forget to seek the help of professionals such as an accountant, lawyer, property inspector, lease consultant etc.
• Always get decisions and changes in writing. Remember that a verbal agreement will not stand much chance in court.
• The rent amount you pay is very essential and other part of the lease should not be taken lightly.
• Be prepared to walk away.

If HR is representing their staff, then the following are things to consider when signing such commercial lease. There is not anything as a normal commercial lease. Commercial property lease encompasses the following items:

Term: Your lease may be either month by month or a longer time. The clause relating the term of your lease may contain renewal options.

Rent: Most commercial rents are normally centered on the square footage or size of the space. Your property owner might add operational costs to the rent.
There are different rent calculations involving diverse kind of commercial lease. The following are some of them.

• Percentage rent lease: If you are an owner of a retailing business, your rent might pay rent with additional percent based on your sales.
• Gross rent lease: In this, you are to pay a rate that is equivalent to the base rate with additional expenses. The property owner pays the other operating cost.
• Net lease:  You pay some of the taxes and the base rent.
• Net-net lease: You pay tax, base rent and insurance costs to the property owner.
• Triple net lease (net-net-net): In this, you pay tax, base rent, operational and maintenance cost. Making your triple net property calculation is very easy if followed according to how it is prescribed.

You must know the type of business that will be permitted on the premises. A written permission might be required if you are to use the premises for another purpose not specified in the original lease. Look out for the restriction that might limit your future expansion. Define which repairs are your obligation and which are your property owner.