What are the two most common types of commercial leases in Quebec?

You have just identified an office space that seems to meet your criteria. In order to fully understand the subject, what would you say if we looked over the types of commercial leases most frequently signed in Quebec?

Gross Rent Leases

When signing or renewing an office lease, there are several types of leases available to you. Among these are, first, the gross rent leases. These leases are somewhat the equivalent of an all-inclusive plan. Thus, this agreement only obliges the tenant to pay a fixed monthly amount. Under this lease, the landlord agrees to assume all incidental costs related to the use of the leased premises, even if they increase. Since the risk of fluctuating expenses is normally increasing, this type of lease is not widely used by landlords.

Net Rent Leases

In the case of the net lease, which is also called the triple net lease (net net net), it transfers not part, but rather all of the operating costs of the building to the tenants. At this time, the tenants who rent the space not only pay the charges included in the lease, but they are also obliged to pay all of the building’s expenses, in proportion to the space occupied by each of them.

Sign the commercial lease that suits you

In Quebec, there are several types of commercial leases. When choosing the right one, a tenant must carefully assess the advantages and constraints of each of them at the risk of having to pay costs of which he was not fully aware at the start. After all, rent is one of the most important operating expenses, so it’s a good idea to make an informed decision.

If you plan to lease an office space or renew your lease in the coming months, contact us and we will be happy to assist you throughout the process.

You have just identified an office space that seems to meet your criteria. In order to fully understand the subject, what would you say if we looked over the types of commercial leases most frequently signed in Quebec?

Gross Rent Leases

When signing or renewing an office lease, there are several types of leases available to you. Among these are, first, the gross rent leases. These leases are somewhat the equivalent of an all-inclusive plan. Thus, this agreement only obliges the tenant to pay a fixed monthly amount. Under this lease, the landlord agrees to assume all incidental costs related to the use of the leased premises, even if they increase. Since the risk of fluctuating expenses is normally increasing, this type of lease is not widely used by landlords.

Net Rent Leases

In the case of the net lease, which is also called the triple net lease (net net net), it transfers not part, but rather all of the operating costs of the building to the tenants. At this time, the tenants who rent the space not only pay the charges included in the lease, but they are also obliged to pay all of the building’s expenses, in proportion to the space occupied by each of them.

Sign the commercial lease that suits you

In Quebec, there are several types of commercial leases. When choosing the right one, a tenant must carefully assess the advantages and constraints of each of them at the risk of having to pay costs of which he was not fully aware at the start. After all, rent is one of the most important operating expenses, so it’s a good idea to make an informed decision.

If you plan to lease an office space or renew your lease in the coming months, contact us and we will be happy to assist you throughout the process.

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