Tennessee Lease of Commercial Building with Option to Renew
Category:
State:
Multi-State
Control #:
US-1341015BG
Format:
Word;
Rich Text
Instant download
Description
A Commercial Lease is a type of lease designed for business purposes and covers items including security deposits, taxes, expenses, obligations for repairs and construction of the premises to be leased. There are four major categories of commercial leases namely, gross lease, modified gross lease, triple net lease and absolute net lease. An option to renew means a contract clause that allows a party to reinstate the contract for an additional term.
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