A commercial lease typically runs for a fixed term, often spanning several years. This arrangement guarantees occupancy for the landlord and can potentially offer lower rental rates over an extended period for tenants. In contrast, renting does not require a long-term commitment. Rental agreements usually allow for termination with a 30 or 60-day notice.

The type of agreement you choose depends on your desire to remain at the location and your confidence in your business's long-term success. For smaller spaces, landlords often prioritize consistent monthly rent payments over long-term commitments, making rental agreements as viable for them as leases.