3 ms·
Commercial leases are normally much longer than residential leases: 5-10 years is typical. Restaurants also normally require extensive renovations to the space,
by alexhutcheson 8y ago
Commercial leases are normally much longer than residential leases: 5-10 years is typical. Restaurants also normally require extensive renovations to the space, which then have to be ripped out at additional cost to make the space usable for the next tenant.