Commercial Space Lease Agreement Cost

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 2,788 reviews

Jump to Section

Need help with a legal contract?

Post Project Now

What does a commercial space lease agreement cost? If you own real estate and are considering renting the space to a business, you may ask this question. Let’s explore this question and review some general information about commercial space lease agreements and when they are used.

How Much Does a Commercial Space Lease Agreement Cost?

A commercial space lease agreement is a legal contract between a landlord who owns commercial real estate and a tenant who is a business owner and needs the commercial real estate to operate a business.

Unlike a residential lease agreement which allows a person to rent a home, commercial space leases are for businesses only. As a result, these lease agreements have fewer legal protections and negotiable terms and conditions and generally have longer terms than residential leases.

Commercial space leases are an important real estate contract, so they must be drafted correctly. The landlord typically provides leases to the tenant, and many landlords choose to hire a real estate attorney to draft this important agreement.

A lawyer with experience drafting commercial space leases will know which information must be included in the contract to make it legally enforceable and protect the interests of the property owner and renter.

Different states have laws regulating commercial leases, so your commercial space lease must follow all local and state laws and regulations.

Based on ContractsCounsel's marketplace data, the average cost of a commercial space lease agreement is $612.63.

What's Typically Included in a Commercial Space Lease Agreement

Commercial space leases are customizable and often negotiable. They will have varying terms depending on the space and the landlord and tenant's needs.

Even though terms can be modified, the following clauses are usually included in all commercial leases:

  • Rent Cost: The rent amount is calculated based on the commercial property's square footage and the property's geographical location. Rent is typically paid monthly.
  • Rent increases: Unlike a residential lease, it is common for a commercial space lease agreement to include an annual percentage-based rent increase.
  • Security deposit: Security deposits are common for all types of lease agreements. This provides additional funds to the landlord if the tenant damages the property or breaks the lease.
  • Duration of the lease: A commercial space lease is usually longer than a year. Commercial property owners want to ensure their property is rented and receive a sustainable source of income. Business owners can negotiate a shorter lease with a renewal option. Short-term leases result in a higher monthly rent.
  • Additional expenses: The commercial space lease agreement needs to address which party is responsible for the cost of utilities, taxes, repairs, and property maintenance.
  • Property description: The property description includes the property address and square footage and what additional areas the tenant has access to, like bathrooms, common areas, or parking.
  • Use clause: A Use Clause is added to a commercial space lease agreement to define how a business owner can use the property for their business operations. This clause protects the landlord and their property from damage and liability.
  • Exclusivity clause: If a commercial property is a complex with multiple units, the business owner will want to add an exclusivity clause or exclusivity agreement to the commercial space lease agreement. This prevents the landlord from renting a neighboring space to potential competitor businesses.
  • Compliance with the Americans with Disabilities Act (ADA): All businesses in the United States that are open to the public and have more than 15 employees must comply with the ADA providing accessibility to people with disabilities. A commercial space lease will outline which party is responsible for updating the property to meet these standards.
Meet some lawyers on our platform

Brad H.

8 projects on CC
View Profile

Angela Y.

3 projects on CC
View Profile

John P.

7 projects on CC
View Profile

Briana C.

43 projects on CC
View Profile

Examples of Commercial Space Lease Agreement Projects

Commercial Space Lease Agreement Drafting

A commercial space lease agreement is almost always drafted by the property owner who acts as the landlord. It is recommended that a landlord hires an attorney familiar with commercial real estate to draft this contract.

After an initial consultation between the lawyer and the landlord, which allows the landlord to express what kind of lease agreement they need, terms they must include, and other important provisions, the lawyer will draft a commercial lease to fit the landlord's specifications.

Commercial Space Lease Agreement Review

Commercial leases are often long-term leases, so when a business owner agrees to this contract, they are making a big decision that could dictate the success or failure of their business. Therefore, before a business owner signs a commercial lease agreement, they should have their own lawyer review the contract.

Contracts are typically drafted in favor of the drafter – in this case, the landlord. Suppose a tenant hires a lawyer to review the contract. In that case, their lawyer will ensure that the contract is well-written, fair, and protects their client’s interests.

Drafting a Commercial Space Lease Agreement Cost

Drafting a commercial lease agreement can be a long process, especially if negotiations require revisions to the contract. Therefore, a lawyer will charge their client for any time spent drafting the lease agreement or making changes.

According to ContractsCounsel's marketplace data, the average commercial space lease agreement drafting costs are $685.00 across all states.

Reviewing a Commercial Space Lease Agreement Cost

When a business owner and potential tenant hire a lawyer to review their lease agreement, they will be responsible for covering any legal fees. In addition, the lawyer will charge for their time and expertise in checking the document and any negotiations they may enter on behalf of their client.

ContractsCounsel's marketplace data shows the average commercial space lease agreement review costs to be $507.00 across all states.

How Do Lawyers Charge for a Commercial Space Lease Agreement?

Hourly Rates for a Commercial Space Lease Agreement

Hourly rate fee agreements are common for lawyers in all industries to bill their clients. Under this arrangement, the lawyer will communicate to the client what they charge for each hour of work spent on a project, like drafting a commercial space lease agreement.

The lawyer will keep track of their hours and send the client a bill after the project.

The marketplace data for ContractsCounsel shows that the average hourly rate for a real estate lawyer specializing in commercial space leases ranges from $200 to $350 per hour.

Flat Fee Rates for a Commercial Space Lease Agreement

Under a flat fee rate arrangement, the lawyer will estimate the amount of time a project will take and quote their client a price. If the client agrees to the price, they will pay the fee upfront before the lawyer begins work.

The client benefits from knowing exactly what they need to pay, and the lawyer benefits by collecting their fee upfront. The downside for the attorney is that if a project takes longer than expected, the lawyer will not be compensated for additional time.

ContractsCounsel's marketplace data shows that a commercial space lease agreement's average flat fee rate is $612.63.

Get Help with a Commercial Space Lease Agreement

Do you need help with a commercial space lease agreement project? If so, post a project in ContractsCounsel’s marketplace to receive flat fee bids from corporate lawyers to handle your project. All lawyers on the ContractsCounsel’s platform are vetted by our team to make sure you are provided with top tier service.

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Lawyers

Michael T. on ContractsCounsel
View Michael
Member Since:
June 13, 2022

Michael T.

Free Consultation
Get Free Proposal
Fairfax, Virginia
32 Yrs Experience
Licensed in DC, MD, VA
College of William and Mary

I have been in practice since 1990 and practice in D.C., Maryland, and Virginia. I am an experienced litigator and look forward to resolving your legal questions as efficiently as possible.

Richard G. on ContractsCounsel
View Richard
Member Since:
June 20, 2022

Richard G.

Free Consultation
Get Free Proposal
Greensboro, NC
2 Yrs Experience
Licensed in NC
University of Elon School of Law

Hello! I am an Iowa native trying to bring some Midwest problem-solving to southern civil law. I thoroughly enjoy getting to know the individuals and businesses I assist. I practice estate planning and business formation and, with my litigation experience in mind, I help clients plan to ensure they and their interests are protected in the future.

Danielle G. on ContractsCounsel
View Danielle
Member Since:
July 12, 2022

Danielle G.

Attorney and Founder at Danielle D. Giovannone Law Office
Free Consultation
Get Free Proposal
Schenectady, NY
15 Yrs Experience
Licensed in NY
Fordham University School of Law

Danielle Giovannone is the principal of Danielle D. Giovannone Law Office. In her experience, Danielle has found that many business do not require in-house legal counsel, but still need outside counsel that knows their business just as well as in-house counsel. This need inspired Danielle to start her firm. Before starting her firm, Danielle served as Contracts Counsel at Siena College and as an attorney at the New York City Department of Education, Office of the General Counsel. At the NYCDOE, she served as lead counsel negotiating and drafting large-scale commercial agreements, including contracts with major technology firms on behalf of the school district. Prior to the NYCDOE, Danielle worked as an associate at a small corporate and securities law firm, where she gained hands-on experience right out of law school. Danielle has provided legal and policy advice on intellectual property and data privacy matters, as well as corporate law, formation and compliance, employer liability, insurance, regulatory matters, general municipal matters and non-profit issues. Danielle holds a J.D. from Fordham University School of Law and a B.S. from Cornell University. She is active in her Capital District community providing pro bono services to the Legal Project, and has served as Co-Chair to the Niskayuna Co-op Nursery School and Vice President of Services to the Craig Elementary School Parent Teacher Organization. Danielle is a member of the New York State Bar Association.

Michael J. on ContractsCounsel
View Michael
Member Since:
July 14, 2022

Michael J.

Free Consultation
Get Free Proposal
Warren, New Jersey
14 Yrs Experience
Licensed in NJ, NY
New York Law School

Combining extensive experience in litigation and as general counsel for a real estate and private equity company, I provide ongoing guidance and support to clients on a variety of transactional matters, including business formation, partnership agreements, corporate agreements, commercial and residential leasing, and employment issues.

Anand A. on ContractsCounsel
View Anand
Member Since:
July 17, 2022

Anand A.

Free Consultation
Get Free Proposal
Philadelphia, PA
8 Yrs Experience
Licensed in NJ, PA
Rutgers University School of Law

Anand is an entrepreneur and attorney with a wide-ranging background. In his legal capacity, Anand has represented parties in (i) commercial finance, (ii) corporate, and (iii) real estate matters throughout the country, including New Jersey, Pennsylvania, Delaware, Arizona, and Georgia. He is well-versed in business formation and management, reviewing and negotiating contracts, advising clients on financing strategy, and various other arenas in which individuals and businesses commonly find themselves. As an entrepreneur, Anand is involved in the hospitality industry and commercial real estate. His approach to the legal practice is to treat clients fairly and provide the highest quality representation possible. Anand received his law degree from Rutgers University School of Law in 2013 and his Bachelor of Business Administration from Pace University, Lubin School of Business in 2007.

Christopher M. on ContractsCounsel
View Christopher
Member Since:
August 16, 2022

Christopher M.

Corporate Counsel
Free Consultation
Get Free Proposal
North Cariolina
2 Yrs Experience
Licensed in CA
California Western

I am a corporate attorney with several years of experience with contracts, corporate and business, government projects, and employment law.

Marc S. on ContractsCounsel
View Marc
Member Since:
July 28, 2022

Marc S.

Free Consultation
Get Free Proposal
Henderson, Nevada
41 Yrs Experience
Licensed in NV
Southwestern University

Have been practicing real property and business law in Nevada for over 40 years. No longer handling any litigation, transactional matters only.

Howard B. on ContractsCounsel
View Howard
Member Since:
July 29, 2022

Howard B.

Managing Member
Free Consultation
Get Free Proposal
Tulsa, Ok
9 Yrs Experience
Licensed in OK
University of Tulsa

Berkson is a dedicated, practical, and detail-oriented attorney licensed to practice in every state court of Oklahoma and the United States Northern and Eastern District Courts. He graduated from the University of Tulsa College of Law with Honors. While there, he received awards for highest grade in trial practice, legal research, and civil procedure. He was also the Executive Notes and Comments Editor for the Energy Law Journal, the official journal of the Energy Bar Association in Washington, D.C. The Energy Law Journal is one of the few peer-reviewed journals in the legal profession. Prior to becoming an attorney, Howard Berkson held executive positions involving a wide range of business and human resources management functions. He has in-depth knowledge of both business and HR practices. During his business career, Berkson negotiated, wrote, red-lined, and disputed contracts. He has answered charges, handled inspections, and supervised audits involving numerous agencies including the Department of Labor, the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, and various state agencies. Berkson honed his analytical and writing skills while earning his Bachelor of Arts degree in Philosophy from the University of Washington. He went on to obtain a Master of Arts in Labor and Industrial Relations from the University of Illinois. Berkson’s work can be found in such publications as The Energy Law Journal, Human Resource Management Review and Personnel Psychology. He is a member of Phi Alpha Delta law fraternity and of Phi Kappa Phi honor society.

Erik D. on ContractsCounsel
View Erik
Member Since:
July 31, 2022

Erik D.

Free Consultation
Get Free Proposal
13 Yrs Experience
Licensed in FL
Stetson University College of Law

Erik has been a practicing attorney in Florida for over a decade. He specializes in employment and real estate contracts. He has represented clients big and small and can assist with any contract issue.

Domonick G. on ContractsCounsel
View Domonick
Member Since:
August 1, 2022

Domonick G.

Free Consultation
Get Free Proposal
1 Yr Experience
Licensed in MO
Thurgood Marshall School of law

I am a licensed attorney who specializes in business law, personal injury and contracts.

Travis D. on ContractsCounsel
View Travis
Member Since:
August 8, 2022

Travis D.

Free Consultation
Get Free Proposal
Norman, OK
2 Yrs Experience
Licensed in OK
University of Oklahoma

Travis counsels individuals and businesses on a broad range of complex topics. His practice centers on producing efficient, client-driven results. He concentrates his practice on real estate and general business matters with an emphasis on assisting clients both before and after problems occur by drafting contracts designed to best position clients to avoid disputes and litigating matters to a final resolution if problems emerge. Born and raised in Oklahoma, Travis is a triple graduate of the University of Oklahoma, having obtained his Bachelor of Arts, Masters of Business Administration, and Juris Doctor degrees from OU. Prior to practicing law, Travis managed the finances and business operations of a successful construction supply company for several years. This insight into sophisticated business dealings, contractual issues, and strategic planning makes him uniquely qualified to handle a wide range of legal matters. Travis lives in Norman, Oklahoma, with his wife, Haley, dogs, Walter and Poppy, and cat, Ernest. Outside of the office, Travis enjoys playing golf, reading, and biking.

Find the best lawyer for your project

Browse Lawyers Now

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call