What is Retail Leasing?
Retail leasing is defined as the process of leasing out commercial space to a businessman for the purpose of conducting retail business. The property owner is a “Lessor” and the businessman or the tenant is a “Lessee”. The core terms and conditions of the lease are mentioned in a document known as a “Lease Agreement”. The lease agreement outlines various aspects such as the duration of the lease, rent amount, permitted uses of the property, and the responsibilities of each party. For example, leasing space in shopping centers, malls, retail buildings, or mixed-use developments.
Geeky Takeaways:
- Retail leasing is an important component of the commercial real estate sector under which property built for retail store operation is leased out to the businessmen to conduct some retail business.
- Under retail leasing, there are two parties the landlord (Lessor) and the businessman or the tenant (Lessee).
- The terms and conditions of the lease are outlined in a document known as a ” Lease Agreement”.
- Retail Leasing is most common in the case of leasing commercial buildings, malls, shopping centers, etc.
Table of Content
- How does Retail Leasing Work?
- Types of Retail Lease
- What is a Retail Lease Agreement?
- Difference between Retail Lease and Commercial Lease
- Retail Leasing – FAQs