REALWorld Law

Commercial leases

Length of leases

What is the usual length of each type of commercial lease?

Norway

Norway

The duration of commercial leases varies depending on availability, type of premises, type of lease, rent levels, who the contracting parties are and other factors. Leases are often granted for five or ten years, with a right for the lessee to renew for a further five years.

Commercial leases are normally for a fixed term, which means that the lease lapses without the need for a termination notice upon expiry of the lease term.

If no expiry date is stipulated, the lease is for an indefinite period. Unless otherwise agreed, such lease must be terminated by a notice to the other party with a 3 months' notice period.