What is the difference between a commercial and a residential lease?

A commercial and a residential lease are two different types of agreements between a landlord and tenant. A commercial lease is used for businesses, such as retail stores or office spaces, whereas a residential lease is used for leasing housing properties. The biggest difference between a commercial and a residential lease is that commercial leases usually cover a longer period of time, with a minimum of one year. Residential leases generally last for one year or less. Also, commercial leases are typically more complex and detailed than residential leases since they involve the financial aspects of the business being conducted in the leased space. Commercial leases also tend to have stricter rules and regulations compared to residential leases. For instance, commercial leases may have requirements regarding the types of businesses that can be conducted in the leased space or what type of activities and events are allowed on the premises. In Florida, commercial and residential leases are governed by different sets of laws. When signing a commercial lease, both the landlord and tenant must abide by a set of laws known as the Florida Commercial Leasing Law. This law covers topics such as landlord and tenant responsibilities, security deposits, and notice requirements. On the other hand, residential leases are governed by the Florida Residential Landlord Tenant Act, which addresses important issues such as repairs and maintenance, tenant rights and remedies, and more.

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What is the difference between a commercial and a residential lease?

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