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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.

What is a Lease? A lease is an implied or written agreement specifying the conditions under which a lessor accepts to let out a property to be used by a lessee. The agreement promises the lessee use of the property for an agreed length of time while the owner is assured consistent payment over the agreed period.

Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.

Lease agreements tend to last in 12-month periods for up to five or ten years. Rental agreements are much shorter and typically last only thirty days. It is also worth noting that residential lease agreements typically use the term rent.

Here's a list of common fields that should be covered in your lease agreement: Basic information about all tenants. Include the full name and contact information of each tenant. ... Description of rental property. ... Security deposit. ... Monthly rent amount. ... Utilities. ... Lease term. ... Policies. ... Late fees.

1. The parcel(s) contained in this agreement are is/described as follows: [parcel location, acreage, bounds, features, condition, etc.] 2. The term of this lease shall be from _______________ to _____________________ except as terminated earlier ing to the provisions below.

The lease is entering into a contract with the lessee to use an asset/property for a long period. Rent agrees with the tenant to use an asset/property for a certain period. Usually, a leasing contract is signed for the long term. The rental agreement is signed for a short time.