This form is for the lease of property to be used as a shopping center. The landlord warrants that the demised premises may be used, but not limited to such use, by tenant, among others, for the conduct of a mercantile business of the type and kind known as a variety store, discount store, dollar store or variety discount store.
Phoenix Arizona Percentage Shopping Center Lease Agreement is a legally binding contract between a tenant and a shopping center owner in Phoenix, Arizona. This agreement outlines the terms and conditions under which the tenant can lease space in a shopping center and operate their business. Keywords: Phoenix Arizona, percentage shopping center, lease agreement, tenant, shopping center owner, terms and conditions, lease space, operate, business. There are different types of Phoenix Arizona Percentage Shopping Center Lease Agreements, each with its own specific terms and provisions. Some common types include: 1. Gross Percentage Lease Agreement: In this type of agreement, the tenant pays a fixed monthly rent, which is usually a percentage of their total sales or a set amount per square foot. Additional costs such as taxes, insurance, and maintenance expenses are generally covered by the landlord. 2. Triple Net Percentage Lease Agreement: This lease agreement requires the tenant to pay not only the base rent but also their share of property taxes, building insurance, and maintenance costs. The landlord generally maintains control over the overall property management. 3. Percentage Rent Lease Agreement: With this type of agreement, the tenant pays a base rent in addition to a percentage of their gross sales above a certain threshold. The purpose of this agreement is to ensure that the landlord benefits from the tenant's success and business growth. 4. Fixed Percentage Lease Agreement: In this agreement, the tenant pays a fixed percentage of their gross sales as rent, regardless of their total sales volume. This type of lease is commonly used when there is high potential for business growth, allowing the landlord to capture a percentage of the tenant's success. Regardless of the type, all Phoenix Arizona Percentage Shopping Center Lease Agreements typically include provisions related to the duration of the lease, rent escalation, default and termination terms, common area maintenance charges, signage rights, rights for modifications or improvements, renewal options, and dispute resolution mechanisms. It is crucial for both tenants and shopping center owners in Phoenix, Arizona, to have a detailed and comprehensive lease agreement in place to protect their rights and interests. Seeking legal advice from knowledgeable professionals is recommended to ensure that all terms and conditions are fair and appropriate for both parties.
Phoenix Arizona Percentage Shopping Center Lease Agreement is a legally binding contract between a tenant and a shopping center owner in Phoenix, Arizona. This agreement outlines the terms and conditions under which the tenant can lease space in a shopping center and operate their business. Keywords: Phoenix Arizona, percentage shopping center, lease agreement, tenant, shopping center owner, terms and conditions, lease space, operate, business. There are different types of Phoenix Arizona Percentage Shopping Center Lease Agreements, each with its own specific terms and provisions. Some common types include: 1. Gross Percentage Lease Agreement: In this type of agreement, the tenant pays a fixed monthly rent, which is usually a percentage of their total sales or a set amount per square foot. Additional costs such as taxes, insurance, and maintenance expenses are generally covered by the landlord. 2. Triple Net Percentage Lease Agreement: This lease agreement requires the tenant to pay not only the base rent but also their share of property taxes, building insurance, and maintenance costs. The landlord generally maintains control over the overall property management. 3. Percentage Rent Lease Agreement: With this type of agreement, the tenant pays a base rent in addition to a percentage of their gross sales above a certain threshold. The purpose of this agreement is to ensure that the landlord benefits from the tenant's success and business growth. 4. Fixed Percentage Lease Agreement: In this agreement, the tenant pays a fixed percentage of their gross sales as rent, regardless of their total sales volume. This type of lease is commonly used when there is high potential for business growth, allowing the landlord to capture a percentage of the tenant's success. Regardless of the type, all Phoenix Arizona Percentage Shopping Center Lease Agreements typically include provisions related to the duration of the lease, rent escalation, default and termination terms, common area maintenance charges, signage rights, rights for modifications or improvements, renewal options, and dispute resolution mechanisms. It is crucial for both tenants and shopping center owners in Phoenix, Arizona, to have a detailed and comprehensive lease agreement in place to protect their rights and interests. Seeking legal advice from knowledgeable professionals is recommended to ensure that all terms and conditions are fair and appropriate for both parties.
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.