A Lima, Arizona commercial lease agreement for tenants is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a commercial property in Lima, Arizona. This agreement is specifically designed for commercial purposes, such as renting office spaces, retail stores, or industrial buildings. The Lima, Arizona commercial lease agreement for tenants includes various clauses and provisions that govern the rights and responsibilities of both the landlord and the tenant. Some key elements covered in this contract are rent payment terms, lease duration, security deposit, maintenance responsibilities, and any additional terms specific to the property being leased. There are different types of Lima, Arizona commercial lease agreements for tenants available, depending on the specific needs and requirements of the tenant. Some common types include: 1. Gross lease agreement: This agreement requires the tenant to pay a fixed monthly rent, which includes all operating expenses, such as property taxes, insurance, utilities, and maintenance costs. The landlord is responsible for these expenses and typically adds them to the rental price. 2. Triple net lease agreement (NNN lease): In this type of agreement, the tenant is responsible for paying rent as well as real estate taxes, insurance, and maintenance expenses. The tenant bears the costs associated with the property's operation and upkeep, in addition to the base rent. 3. Percentage lease agreement: This agreement is often used in retail settings, where the tenant pays a base rent plus a percentage of their sales revenue. The percentage is usually determined by a predetermined formula agreed upon by both parties. 4. Sublease agreement: A sublease agreement allows a tenant who is already leasing a property to lease a portion or the entire space to another tenant. It requires the consent of the original landlord and typically involves the original tenant assuming the role of a sublandlord. Overall, the Lima, Arizona commercial lease agreement for tenants serves as a comprehensive document that protects the rights and interests of both the landlord and the tenant. It ensures clarity and transparency in the leasing process and helps avoid potential disputes or misunderstandings during the tenancy.
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.