This form is intended for a major commercial office complex. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
North Dakota Detailed Office Space Lease with Lessee to Pay Pro rata Share of Expenses is a legally binding contract that outlines the terms and conditions for leasing office space in North Dakota. This type of lease requires the lessee to contribute their fair share of expenses associated with the leased office space. A North Dakota Detailed Office Space Lease typically includes the following details: 1. Parties Involved: The lease identifies the lessor (owner/landlord) and the lessee (tenant/occupant) involved in the agreement. 2. Property Description: It provides a detailed description of the office space being leased, including the square footage, address, and any additional amenities or facilities. 3. Lease Term: This clause specifies the start date and end date of the lease, outlining the agreed-upon duration of the lease agreement. 4. Rent and Payment Terms: It clarifies the monthly rental amount and the due date for rent payment. The lessee's obligation to pay the pro rata share of expenses, such as utilities, maintenance, property taxes, and insurance, is also stated. 5. Security Deposit: It outlines the amount of the security deposit collected by the lessor and the conditions for its return at the end of the lease term. 6. Use of Premises: This section defines the acceptable use of the office space and any restrictions or limitations imposed by the lessor. 7. Maintenance and Repairs: It outlines the responsibilities of both the lessor and lessee regarding the maintenance, repairs, and upkeep of the leased premises. 8. Alterations and Improvements: Specifies whether the lessee is allowed to make any alterations or improvements to the office space and if prior written consent from the lessor is required. 9. Insurance: This clause identifies the insurance coverage the lessee should obtain to protect their business and belongings within the leased premises. 10. Default and Termination: It details the actions that constitute a default by either party, the consequences of default, and the conditions under which the lease can be terminated. 11. Attorneys' Fees and Governing Law: It states which party will be responsible for attorneys' fees in the event of a legal dispute, and the governing law applicable to the lease agreement is mentioned. Some variations or types of North Dakota Detailed Office Space Leases may include: 1. Gross Lease: In this type of lease, the lessor bears the responsibility of paying all operating expenses associated with the leased space, and the lessee is only obligated to pay the agreed-upon rent. 2. Modified Gross Lease: This lease form splits certain expenses between the lessor and lessee, typically involving costs such as property taxes and insurance premiums. The specifics are defined within the lease agreement. 3. Triple Net Lease: Also known as a Net Net Net (NNN) lease, it requires the lessee to pay not only the rent but also all operating expenses, including maintenance, insurance, and property taxes, associated with the leased space. These various types of North Dakota Detailed Office Space Leases offer flexibility to both lessors and lessees, allowing them to choose the lease structure that aligns best with their financial goals and requirements.
