Retail leasing refers to the process of renting space in a commercial property for the purpose of selling goods or services. This arrangement typically involves a landlord and a tenant, where the tenant pays rent to occupy the space. Retail leases can vary in length and terms, often including details about rent increases, maintenance responsibilities, and permitted uses of the property. In retail leasing, locations are crucial for success, as high foot traffic areas can lead to increased sales. Common types of retail spaces include shopping malls, strip malls, and standalone stores. Understanding the lease terms is essential for both landlords and tenants to ensure a mutually beneficial relationship.