What defines a "commercial lease"?

A commercial lease is distinctly defined as a lease agreement specifically for properties that are used for business activities, as opposed to residential living spaces. This type of lease encompasses various types of real estate, including office buildings, retail spaces, warehouses, and industrial properties. The primary focus of a commercial lease is to facilitate business operations and can include unique terms related to business requirements, such as zoning laws, property usage, and maintenance responsibilities that differ from residential leases.

In contrast, the other options pertain to different contexts: a lease for residential properties designates living arrangements; a lease that includes utilities and maintenance usually applies to residential situations; and a short-term rental agreement typically refers to temporary stays, which often falls under the category of vacation rentals or month-to-month agreements, not commercial leasing. Thus, the correct answer encapsulates the essence of what distinguishes a commercial lease in property management.