Commercial Real Estate
Real Estate Lease Agreement
Illinois
What is the best type of commercial lease?
I am a landlord and am wanting to consider which types of commercial lease agreements I would want to use. I own a small strip mall and am looking to sign tenants that would be retailers.
1 Attorney answer
Answer
Commercial Real Estate
Illinois
T. Phillip B.
ContractsCounsel verified
Much of that depends on the tenant and the agreement they are willing to enter into. Personally, I would want my tenants responsible for as much of the maintenance and upkeep of the property as possible. The same goes with the property taxes. You could calculate out what property taxes are / would be per square foot and allocate to them which will permit you to adjust rent annually to accomodate changes in the property taxes.