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Definition. Agreement between a landlord and a business outlining terms and conditions of property rental. A commercial lease is specific to renters using the property for business or other commercial purposes versus residential use. commercial lease is specific to renters using the property for business or other commercial purposes versus residential use.
A real estate commercial lease is an agreement for use of a space for business purposes in return for an amount agreed to be payable as rent. The person who owns the property for rent is called a lessor and the person who leases the property is called a lessee.ommercial leases are generally of two types: net lease and gross lease: 1  Net lease is when tenants pay an extra amount in addition to office rent as part payment of the commercial lease properties' expenses such as maintenance, taxes, insurance, and utilities.