Wisconsin Percentage Shopping Center Lease Agreement

• Category: Landlord Tenant - Commercial Leases - Shopping Centers
• State: Multi-State
• Control #: US-01626
• Format: Word; Rich Text

Description

This form is for the lease of property to be used as a shopping center. The landlord warrants that the demised premises may be used, but not limited to such use, by tenant, among others, for the conduct of a mercantile business of the type and kind known as a variety store, discount store, dollar store or variety discount store. Wisconsin Percentage Shopping Center Lease Agreement is a legal document that outlines the terms and conditions between a property owner or landlord and a tenant for the rental of a retail space within a shopping center in Wisconsin. This agreement governs the rights and responsibilities of both parties in a transparent and legally binding manner. The Wisconsin Percentage Shopping Center Lease Agreement generally includes provisions related to the duration of the lease, rent payment terms, common area maintenance charges, percentage rent, use of the premises, maintenance and repairs, insurance requirements, and dispute resolution mechanisms. The agreement ensures that both the landlord and tenant have a clear understanding of their obligations and expectations during the lease term. There are several types of Wisconsin Percentage Shopping Center Lease Agreements which vary based on the specific terms agreed upon by the parties involved. Some common types include: 1. Gross Percentage Lease: This type of lease agreement requires the tenant to pay a base rent plus a percentage of their gross sales. The exact percentage to be paid is typically agreed upon during negotiations. 2. Net Percentage Lease: In this lease arrangement, the tenant pays a base rent and a proportionate share of operating expenses, such as property taxes, insurance, and maintenance costs. The percentage is usually determined based on the tenant's leased space's size compared to the total leasable area of the shopping center. 3. Step-Up Percentage Lease: This lease type allows for an increase in the percentage rent at specified intervals throughout the lease term. The increase can be based on preset time frames or triggered by achieving specific sales thresholds. 4. Graduated Percentage Lease: This agreement sets out predetermined percentage levels based on the tenant's sales performance. As the tenant's sales increase, the percentage rent payable to the landlord also increases accordingly. 5. Percentage Lease with Minimum Rent: This type of agreement combines a fixed minimum rent amount with a percentage of the tenant's gross sales. The tenant is liable to pay either the minimum rent or the calculated percentage rent, whichever is higher. It's important for both landlords and tenants to carefully review the terms and conditions outlined in the Wisconsin Percentage Shopping Center Lease Agreement before signing. Seeking legal advice during the negotiation and drafting process ensures that both parties' interests are protected and potential disputes are minimized.

Wisconsin Percentage Shopping Center Lease Agreement is a legal document that outlines the terms and conditions between a property owner or landlord and a tenant for the rental of a retail space within a shopping center in Wisconsin. This agreement governs the rights and responsibilities of both parties in a transparent and legally binding manner. The Wisconsin Percentage Shopping Center Lease Agreement generally includes provisions related to the duration of the lease, rent payment terms, common area maintenance charges, percentage rent, use of the premises, maintenance and repairs, insurance requirements, and dispute resolution mechanisms. The agreement ensures that both the landlord and tenant have a clear understanding of their obligations and expectations during the lease term. There are several types of Wisconsin Percentage Shopping Center Lease Agreements which vary based on the specific terms agreed upon by the parties involved. Some common types include: 1. Gross Percentage Lease: This type of lease agreement requires the tenant to pay a base rent plus a percentage of their gross sales. The exact percentage to be paid is typically agreed upon during negotiations. 2. Net Percentage Lease: In this lease arrangement, the tenant pays a base rent and a proportionate share of operating expenses, such as property taxes, insurance, and maintenance costs. The percentage is usually determined based on the tenant's leased space's size compared to the total leasable area of the shopping center. 3. Step-Up Percentage Lease: This lease type allows for an increase in the percentage rent at specified intervals throughout the lease term. The increase can be based on preset time frames or triggered by achieving specific sales thresholds. 4. Graduated Percentage Lease: This agreement sets out predetermined percentage levels based on the tenant's sales performance. As the tenant's sales increase, the percentage rent payable to the landlord also increases accordingly. 5. Percentage Lease with Minimum Rent: This type of agreement combines a fixed minimum rent amount with a percentage of the tenant's gross sales. The tenant is liable to pay either the minimum rent or the calculated percentage rent, whichever is higher. It's important for both landlords and tenants to carefully review the terms and conditions outlined in the Wisconsin Percentage Shopping Center Lease Agreement before signing. Seeking legal advice during the negotiation and drafting process ensures that both parties' interests are protected and potential disputes are minimized.