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Updated over 7 years ago,
Advantages and disadvantages of long-term leases?
First time commercial property owner here. I'm getting ready to lease a property in the Sacramento area and one of the prospective lessee's has asked about a 5-year minimum lease. I see the security part of this as a plus (no vacancy) and the fix rent cost a negative (unless that's written into the lease). Are there typical longer term lease agreements that are used? I'd appreciate any insight you guys might have.
Dan