Commercial Real-Estate Tenant
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A Commercial Real-Estate Tenant is a real-estate tenant that occupies a commercial real estate.
- Context:
- It can (typically) lease space in commercial buildings, such as office buildings, retail spaces, warehouses, and industrial parks.
- It can (often) engage in various activities, including retail sales, office work, manufacturing, warehousing, or providing professional services.
- It can (often) have a lease agreement that includes terms specific to commercial use, such as zoning restrictions, maintenance responsibilities, and modifications to the leased space.
- It can (sometimes) be subject to different laws and regulations than residential tenants, focusing on commercial leasing practices, safety standards, and accessibility requirements.
- It can benefit from tenant improvements (TIs) negotiated with landlords, which are modifications to the leased space to suit the tenant's business needs.
- ...
- Example(s):
- A company leasing office space in a downtown skyscraper.
- A retailer renting a storefront in a shopping mall.
- A manufacturing business occupying a unit in an industrial park.
- A law firm leasing several floors in an office building for its operations.
- ...
- Counter-Example(s):
- A family renting a house in a suburban neighborhood.
- A student leasing a studio apartment near a university.
- See: Building Code Compliance, Commercial Lease Negotiation, Property Management, Real Estate Development, Tenant Rights, Triple Net Lease.