Leasing

Commercial leases are typically viewed as contracts between knowledgeable business people. Consequently, less governmental protection is available for tenants of commercial property than tenants of residential property. Because the parties are knowledgeable business people, the underlying belief is that they should be able to negotiate the terms of the lease to their liking. Consistent with this idea, the parties of a commercial lease typically have greater bargaining power and more negotiating ability than the parties of a residential lease.

Commercial leases come in three main forms: full service leases, net leases, and modified gross leases.

The process of identifying, negotiating, and signing a commercial lease is a long process and it’s important to understand the required steps.

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Concerned about being caught in a long-term lease? You’re not alone. Century 21 Commercial gets it, enabling companies and individuals to scale their office space up or down depending on their current needs without penalties. This is what we do as a profession, let our team of experts remove the worry from your transaction. We know numbers, we know people, we get it done.

A commercial lease typically deals with the following:

  • the type of property being rented;
  • the address of the property being rented;
  • the term of the tenancy and whether the tenancy is for a fixed term or renews periodically;
  • the amount of rent payable, how often and when the rent should be paid;
  • the type of business that may be conducted on the premises;
  • ownership of any leasehold improvements; and
  • the provisions of any security/damage deposit.

  • In addition, a commercial lease may also identify the following:
  • provisions for lease renewal;
  • landlord improvements and signing incentives;
  • tenant improvements;
  • whether the tenant can assign or sublet the property:
  • notice provisions for termination of the tenancy; and
  • insurance provisions.
  • Tools that make the leasing process easier.

    This is what we do; take complicated transactions and make them easy for you. We have the tools to ensure a smooth process and getting what you want.

    Innovative.

    Our team continually puts together team that push the boundaries of builds in the Okanagan. With our large spere of financiers, builders and specialist we are able to provide solutions to ensure your project completes in the most efficient manner possible.

    Access to listed and unlisted opportunities.

    In addition to the available listed projects we often know of many projects that are in process but not yet public. We connect you with these opportunities to maximize growth.

    Trusted partners who work for you.

    This is what we do. Daily. As a result our network and connections work for you on any transactions. Have a question? Reach out! If we dont know the answer, we know an expert who will.

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