Employee Lease Agreement With Utilities Included In Maryland
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A gross lease is a lease that includes any incidental charges incurred by a tenant. The additional charges rolled into a gross lease include property taxes, insurance, and utilities. Gross leases are commonly used for commercial properties, such as office buildings and retail spaces.
Employee leasing is an arrangement between a business and a staffing firm, who supplies workers on a project-specific or temporary basis. These employees work for the client business, but the leasing agency pays their salaries and handles all of the HR administration associated with their employment.
It is possible to draft your own lease agreement, but you are leaving yourself open to issues.
In Maryland, rental contracts do not have to be notarized. A lease is a legal contract as long as it has been signed and agreed upon by the tenant and landlord. If your tenant breaches the agreement, you could enlist the help of licensed attorneys.
Full Service leases, most common in Class A office projects, will typically include taxes, insurance, CAMS, management, utilities and janitorial all in one base rental rate.
For example, if you leased a 3,000 SF space with a $30 per SF full-service lease rate, the breakdown of payments would be: Full-Service Lease Rate: 3,000 SF x $30 per SF per year = $90,000 per year, or $7,500 per month. Included in the $7,500 per month amount is both the base lease rate and the operating expenses.
Month-to-month leases continue automatically, but require a 30-day notice for any change. Understanding lease renewal procedures is key to maintaining tenancy without interruptions. Knowledge of rent control laws may also affect renewals. Detailed laws on this can be found under Maryland Rent Increase Laws.
A rental agreement will be void and unenforceable if it contains a provision that allows the landlord to terminate the tenancy of a tenant based solely on a crime being committed if the tenant, or someone lawfully living with them, is a victim of that crime.
