B. Rent for a renewal period, provided that it has been established in accordance with this lease, _____ You now know that commercial leases fall into two main categories: short-term leases and long-term leases. Your choice of one over the other depends largely on the state of your business and the extent of the growth curve. Long-term leases work well for established businesses, while startups and small businesses with short-term leases do well. But what if you want a lease that will give you the flexibility to grow, but you have to start small? In this case, a short-term lease agreement with the renewal option is preferable. However, you must ensure that these terms and renewal options are provided for in the original lease before you sign it.