A Dallas Texas Commercial Lease Agreement is a legally binding contract that outlines the terms and conditions between a landlord and a tenant for the use of commercial property in Dallas, Texas. This agreement typically covers a wide range of essential details such as the lease duration, rental amount, payment schedules, maintenance responsibilities, and agreed-upon permitted use of the property. There are several types of Dallas Texas Commercial Lease Agreements, each catering to specific business needs and property requirements. Some commonly found types include: 1. Gross Lease Agreement: This type of agreement requires the tenant to pay a flat rental amount, while the landlord assumes responsibility for property expenses such as property taxes, insurance, and maintenance. 2. Net Lease Agreement: In this agreement, the tenant pays both a base rental amount and additional expenses such as property taxes, insurance, and maintenance costs. There are three subtypes of net leases: a. Single Net Lease: The tenant pays the base rent plus a portion of property taxes. The landlord covers other expenses. b. Double Net Lease: The tenant pays the base rent, property taxes, and insurance costs. The landlord handles maintenance. c. Triple Net Lease: The tenant pays the base rent, property taxes, insurance costs, and maintenance expenses. 3. Percentage Lease Agreement: Commonly used in retail leases, this agreement requires the tenant to pay a percentage of their sales in addition to the base rent. 4. Modified Gross Lease Agreement: This is a combination of a gross and net lease where the tenant pays a base monthly rent, and both parties share responsibility for certain expenses like property taxes and maintenance costs. 5. Sublease Agreement: This agreement enables the original tenant to sublease the leased commercial property to another tenant. The sublease is subject to the terms and conditions laid out in the original lease agreement. 6. Build-to-Suit Lease Agreement: This type of lease agreement is often used for custom-built commercial properties. It outlines the specific requirements and construction responsibilities of the landlord to meet the tenant's business needs. When entering into a Dallas Texas Commercial Lease Agreement, both parties should seek legal advice to ensure the agreement accurately reflects their interests and protects their rights. Additionally, it is important to thoroughly review the agreement before signing to avoid any misunderstandings or disputes in the future.
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.