Lease of Commercial Building in Office Park is a process of renting out a commercial building in an office park for a certain period of time. The lease typically outlines the terms of the agreement between the tenant and the landlord, such as rent amount, length of the rental period, and other conditions. The landlord provides the tenant with the right to occupy the building and use it for business purposes. The most common types of Lease of Commercial Building in Office Park are: 1. Triple Net Lease: In this type of lease, the tenant pays rent plus an additional amount for property taxes, insurance, and maintenance. 2. Gross Lease: In this type of lease, the tenant pays only the rent, while the landlord is responsible for paying the property taxes, insurance, and maintenance costs. 3. Modified Gross Lease: This type of lease is a combination of the two above. The tenant pays rent plus a portion of the property taxes, insurance, and maintenance costs. 4. Sublease: This type of lease is when a tenant subleases their space to another tenant. The original tenant is still responsible for paying the landlord, but the sublessor will pay the original tenant. 5. Percentage Lease: This type of lease requires the tenant to pay rent plus a percentage of the profits they make from their business.
Lease of Commercial Building in Office Park
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