Know The Different Types of Commercial Lease before Renting!

Dubai is one of the fastest growing business centers in the world. It has evolved as a great place to set up an office and expand your business horizons. Also, the recent downfall of rentals in Dubai has splurged many to lease a commercial property in Dubai.

The process of leasing commercial property in Dubai is slightly different from that of residential property. Hence, let’s take a look at various types of commercial leases:

Gross Lease – It is often described as a general form of lease in which full services are included. Basically, here tenant pays a set amount of rent and the landlord is responsible for the payment of taxes, insurance and other costs associated with owning the property.

Modern Net Lease – This type of lease is quite helpful for both tenant as well as landlord. Here the charges are being divided, like if a landlord pays maintenance charges than the tenant pays insurance premium or other operating charges.

Triple-Net Lease - This type of a lease have the tenant paying a certain percentage of all the expenses like rent, maintenance and insurance. This kind of lease is extensively used while renting commercial property in Dubai as it is beneficial for both tenant as well landlord. For landlord, he gets significant amount of share in all expenses and for tenant the fixed rent is lower.

Land Lease - The landlord rent out the land to the tenant and he constructs building on it. This kind of lease agreements are for longer period but once the lease period is over, land plus the improvement done on it including building reverts back to the land owner.

Move in Dubai is a well-known rental company in Dubai and offers a wide range of portals for renting commercial property in Dubai. It caters for the need of both, by searching best rental property at affordable prices for tenants and also searches valuable tenants for landlords.

For more details visit: www.moveindubai.com

image credit: bestofcommercialrealestate.com