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Specifically, the tenant pays the base rent, property but also taxes, insurance, utilities, and maintenance. This even includes standard property repairs associated with the commercial space being occupied.
THIS INDENTURE of lease is made at City this Day, Month of Year, between Lessor Name, Son of Lessor's Father Name resident of Address Line 1, Address Line 2, City, State, Pin Code, (hereinafter called the Lessor, which expression shall, unless repugnant to the context and meaning include his heirs,
A Commercial Rental Agreement is a contract you use to rent business property to or from another individual or company. This document outlines the terms and conditions of the tenancy, including the rights and obligations of the landlord and tenant.
The Commercial lease agreement is an agreement between landlord and tenant to rent property with the intention to operate a business.
A Triple Net Lease (NNN Lease) is the most common type of lease in commercial buildings. In a NNN lease, the rent does not include operating expenses. Operating expenses include utilities, maintenance, property taxes, insurance and property management.