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Updated about 2 years ago, 10/25/2022
Commercial Lease in a mixed use building
I recently purchased a mixed use building with a partner; the commercial space is on the smaller side but I have interest from an individual who would like to open up a salon. Any suggestions on the type of lease I should use or any verbiage that should be mentioned within the agreement? I'd like to keep the tenant responsible for general upkeep of the space. From what I've read, a gross lease seems like the best option.
Any input is appreciated. Thanks.