What is the difference between a commercial and a residential lease?
In California, the law differentiates between commercial and residential leases. Generally, a commercial lease is used for a business property such as a store, office, or warehouse. This type of lease typically entails a higher monthly rental cost and longer duration than a residential lease. Additionally, commercial leases often grant tenants more control over the property, such as the right to make modifications to the space. A residential lease is used for a property that an individual or family will use as their home. Residential leases typically have a shorter duration and lower monthly rent than commercial leases. In California, landlords must follow certain state laws for residential leases, such as providing 60 days’ notice to the tenant before increasing rent. Landlords are also generally restricted as to what they can do with a residential property, including the right to make modifications. In California, landlords must use the correct type of lease for the property they are renting. Landlords who enter into a residential lease for a commercial property, or vice versa, can face legal consequences. As such, it is important for landlords to be aware of the differences between residential and commercial leases.
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