The terms of a typical industrial real estate lease can vary depending on the specific property and the needs of the landlord and tenant. However, some common terms include:
Lease term: The lease term is the length of time that the tenant will lease the property. Industrial leases typically range from 1 to 5 years.
Rent: The rent is the amount of money that the tenant will pay to the landlord each month. Rent is typically calculated based on the size and location of the property.
Operating expenses: Operating expenses are the costs associated with running the property, such as property taxes, insurance, and maintenance. These costs may be paid by the landlord or the tenant, or they may be shared.
Maintenance and repairs: The lease will typically specify who is responsible for maintenance and repairs on the property.
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Swindon Property is a leading commercial and industrial real estate organisation and the commercial associate for international real estate advisor, Savills, for sub-Saharan Africa.
