This form is a non-residential lease. The document provides that the parties must give information such as a legal description of the premises, the term of the lease, and the allocation of expenses.
Sample Lease Agreement For Commercial Property
Category:
State:
Multi-State
Control #:
US-01665-AZ
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Nonresidential Simple Lease?
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FAQ
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.
A net lease is perhaps the most common form of commercial lease agreement. With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property.
Here are some of the most important clauses in commercial lease agreements that tenants should know about: Term. ... Description of Premises Clause. ... Rent Escalation Clause. ... Use Clauses. ... Improvements and Alterations Clause. ... Insurance Clause. ... Renewal Clause.
A Triple Net Lease (NNN Lease) is the most common type of lease in commercial buildings. In a NNN lease, the rent does not include operating expenses. Operating expenses include utilities, maintenance, property taxes, insurance and property management.