Dale & Eke is taking the COVID-19 outbreak very seriously.  So, for the purpose of maintaining social distancing under CDC guidelines and to promote the health and safety of our clients, visitors and staff and reduce the spread of COVID-19, our physical office will be closed until further notice.

For the time being we are limiting all in-office meetings to those clients and potential clients who are not feeling ill or who have not shown signs of illness.  However, we are recommending that, unless you make other arrangements with your attorney, all client and potential client meetings occur via telephone or video conferencing.  If you have any paperwork for us that you need to drop off, please use the mail slot outside of the front door to our office.

We can still be reached at our office telephone number (317-844-7400). Your call will be answered by our office phone system and you may leave a voicemail in the general mailbox or with a specific attorney. All voicemails left in the general mailbox will be routed to the requested attorney or staff.

You may also email the firm through its website at  www.daleeke.com.

We will continue to monitor this evolving situation and adjust procedures as necessary.  Your health and safety, and the health and safety of our attorneys and staff, is our highest priority.  We thank you for your patience and understanding during these uncertain and unprecedented times.

Dale & Eke - Business Attorney
A Professional Corporation of Attorneys at Law

Types of commercial leases

There may be a number of retail spaces available for lease in the area of Indiana where an entrepreneur wants to open a business. A major factor in choosing the right one is what kind of commercial lease the landlord offers. 

Per FindLaw, a net lease typically has the tenant paying for some of the building’s operating expenses as well as the monthly rent. These expenses reflect the actual amount rather than an estimate, so when the cost to the landlord goes up, that is passed on to the tenant. A double net lease usually includes taxes and insurance as well as utilities and other expenses. A triple net lease will probably require the tenant to pay for maintenance and repairs as well.

A gross lease is not usually based on actual expenses. Instead, the tenant would pay a flat amount that includes the landlord’s estimates of the costs on top of the base rent. The actual costs are then taken care of by the landlord. When costs increase for the landlord, the base rent could be raised.

Often, in multitenant buildings, the landlord offers a lease that is a modified version of the gross lease, explains Forbes. There is an amount set as monthly rent, and then the flat amount added to that includes operating expenses. However, the landlord typically splits these with the tenant. So, the tenant may pay a fixed amount to cover the operating expenses and repairs listed in the contract. 

Regardless of the type of lease that is offered, business owners should be prepared to negotiate for the terms that will suit their needs and to walk away from the deal if it does not.