Wick & Trautwein, LLC
Call Today
Toll Free
Broad Based Experienced Legal Help Since 1972

Creative Solutions, Exceptional Results

The law firm of Wick & Trautwein, LLC, has a long history of partnerships with the people and businesses of northern Colorado and southern Wyoming

The kinds of leases you should know in commercial real estate

If you're considering taking on a new commercial building or want to lease your own, you need to know the kinds of leases that are available. You'll want to know that the lease you choose is meeting your needs in the long term. Comparing your options and negotiating with the help of your attorney can help you save money and get better terms on the agreement.

Remember to always read a lease carefully; you need to know exactly what you have to pay for and when it's due if you're the renter. Sometimes, there are additional charges added into your lease, so don't forget about those when you're working through your negotiations.

There are a few kinds of leases that you may be exposed to as you look for the right one for your business. These include flat or fixed leases, gross leases, cost-of-living leases, step leases, net leases, net-net leases, net-net-net leases, and percentage leases. Each one has its own special requirements. For example, step leases increase their rent each year during the life of the agreement, which means you may start with a good rate and end up paying much more later. The changes will be made to cover increases in expenses that the landlord faces, but these increases are not based on actual costs. Instead, they're based on an estimate for growing costs related to the property.

Cost-of-living leases, on the other hand, are based on the rise in the local cost of living. Rent will therefore rise with the inflation rate in the state or country, depending on the terms of the lease.

Source: FindLaw, "Types of leases," accessed April 07, 2016

No Comments

Leave a comment
Comment Information
Watch More Videos

We Take Your
Emails Seriously

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Wick & Trautwein, LLC BBB Business Review
FindLaw Network
Firm Locations
Wick & Trautwein, LLC
323 South College Avenue #3
Fort Collins, CO 80524

Phone: 970-237-5694
Toll Free: 866-686-1410
Fax: 970-482-8929
Fort Collins Law Office Map
Wick & Trautwein, LLC
513 Big Thompson Ave
Estes Park, CO 80517

Located in Lower Stanley Village
Phone: 970-586-3505
Fax: 970-586-3269
Estes Park Law Office Map

Windsor Office
(by appointment only)
421 Main Street
Windsor, CO 80535
Toll Free: 866-686-1410
Map and Directions