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Are commercial leases usually paid monthly or yearly? |
some friends and i are looking in melbourne for a warehouse to rent, a creative space, and have started looking at commercial leases. however, we don't know anything about it. is rent usually paid monthly, the same as any residential lease, or is it completely different for commercial leases? awesome thanks guys thats pretty much all i needed to know :) Monthly. Nobody would rent anything if they had to make a large payment every year. The lease can be structured any way you want as long as the lessor agrees to it. Monthly rents are usual. You would want to negotiate a much lower price if you pay annually, because as soon as you sign the lease you would have to pay a full year's rent |
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