This form is a lease agreement on a property where the tenant or lessee agrees to pay all Real Estate Taxes (Net), Building Insurance (Net) and Common Area Maintenance (Net) on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with repairs or replacement of the structural building elements of the property.
Los Angeles California Triple Net Commercial Lease Agreement — Real Estate Rental is a legally binding contract that outlines the terms and conditions between a landlord and a tenant for the rental of commercial property in Los Angeles, California. This type of lease agreement is specifically designed for commercial properties and includes a "triple net" provision, which means that the tenant is responsible for paying not only the rent but also all operating expenses, property taxes, and insurance associated with the property. In a Los Angeles California Triple Net Commercial Lease Agreement — Real Estate Rental, the landlord agrees to lease the commercial property to the tenant for a specific period, usually ranging from one to five years. The agreement outlines key details such as the rental amount, payment terms, the property's permitted use, maintenance responsibilities, and any additional terms and conditions agreed upon by both parties. This type of lease agreement is commonly used for various commercial properties in Los Angeles, California, such as retail stores, office spaces, industrial buildings, and warehouses. Different types of Triple Net (NNN) leases in Los Angeles may include: 1. Single Tenant Triple Net Lease: In this type of agreement, the tenant occupies the entire commercial property and is solely responsible for all property-related expenses, including property taxes, insurance, and maintenance. 2. Multi-Tenant Triple Net Lease: This lease agreement involves multiple tenants leasing individual spaces within a commercial property. Each tenant is responsible for their pro rata share of operating expenses, property taxes, and insurance. 3. Ground Triple Net Lease: This type of lease is often used for land lease agreements where the tenant has the right to construct and operate a building on the leased land. The tenant is responsible for all property-related expenses, including those associated with both the land and the building. Los Angeles California Triple Net Commercial Lease Agreement — Real Estate Rental is an essential document for landlords and tenants to protect their rights and establish clear expectations. It is crucial for both parties to seek legal counsel and thoroughly review the lease before signing to ensure a mutually beneficial and legally compliant agreement.
Los Angeles California Triple Net Commercial Lease Agreement — Real Estate Rental is a legally binding contract that outlines the terms and conditions between a landlord and a tenant for the rental of commercial property in Los Angeles, California. This type of lease agreement is specifically designed for commercial properties and includes a "triple net" provision, which means that the tenant is responsible for paying not only the rent but also all operating expenses, property taxes, and insurance associated with the property. In a Los Angeles California Triple Net Commercial Lease Agreement — Real Estate Rental, the landlord agrees to lease the commercial property to the tenant for a specific period, usually ranging from one to five years. The agreement outlines key details such as the rental amount, payment terms, the property's permitted use, maintenance responsibilities, and any additional terms and conditions agreed upon by both parties. This type of lease agreement is commonly used for various commercial properties in Los Angeles, California, such as retail stores, office spaces, industrial buildings, and warehouses. Different types of Triple Net (NNN) leases in Los Angeles may include: 1. Single Tenant Triple Net Lease: In this type of agreement, the tenant occupies the entire commercial property and is solely responsible for all property-related expenses, including property taxes, insurance, and maintenance. 2. Multi-Tenant Triple Net Lease: This lease agreement involves multiple tenants leasing individual spaces within a commercial property. Each tenant is responsible for their pro rata share of operating expenses, property taxes, and insurance. 3. Ground Triple Net Lease: This type of lease is often used for land lease agreements where the tenant has the right to construct and operate a building on the leased land. The tenant is responsible for all property-related expenses, including those associated with both the land and the building. Los Angeles California Triple Net Commercial Lease Agreement — Real Estate Rental is an essential document for landlords and tenants to protect their rights and establish clear expectations. It is crucial for both parties to seek legal counsel and thoroughly review the lease before signing to ensure a mutually beneficial and legally compliant agreement.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.