Baton Rouge Louisiana Commercial Lease

• Category: Louisiana Landlord Tenant - Commercial Leases
• State: Louisiana
• City: Baton Rouge
• Control #: LA-721-M
• Format: Word; Rich Text

Description

This is an example of a lease of immovable property for commercial purposes, with a fixed monthly rent and a renewal option and rights of refusal in favor of the lessee. The lease also contains an obligation not to compete and a provision dealing with payment of rent after lessor's default on a superior mortgage obligation. Caveat: La CC 2628 limits the term of a Right of First Refusal. Baton Rouge Louisiana Commercial Lease is a legally binding agreement between a landlord and a tenant for the rental of commercial property located in Baton Rouge, Louisiana. It outlines the terms and conditions under which the tenant can use the property for business purposes in exchange for rent. The purpose of a Baton Rouge Louisiana Commercial Lease is to protect the rights and interests of both the landlord and the tenant. It provides a clear understanding of the responsibilities and obligations of each party throughout the lease period. This lease agreement typically covers various factors such as lease term, rent amount, security deposit, maintenance responsibilities, permitted use of the property, and any specific clauses or provisions specific to the property or business. There are several types of commercial leases offered in Baton Rouge, Louisiana: 1. Gross Lease: Also known as a full-service lease, this type of lease requires the tenant to pay a fixed rent amount, which includes all or most of the operating expenses, such as property taxes, insurance, and maintenance costs. The landlord is responsible for managing and covering these expenses. 2. Net Lease: In a net lease, the tenant pays a base rent along with additional costs, such as property taxes, insurance, and common area maintenance (CAM) fees. There are three sub-types of net leases: a. Single Net Lease (N): The tenant pays a base rent plus property taxes. b. Double Net Lease (IN): The tenant pays a base rent along with property taxes and insurance. c. Triple Net Lease (NNN): The tenant pays a base rent, property taxes, insurance, and CAM fees. 3. Percentage Lease: This type of lease is commonly used for retail spaces. In a percentage lease, the tenant pays a base rent as well as a percentage of their gross sales to the landlord. It allows the landlord to benefit from the success of the tenant's business. 4. Modified Gross Lease: This lease combines features of both gross and net leases. The tenant pays a base rent, similar to a gross lease, but also assumes some additional costs, such as utilities or janitorial services. When entering into a Baton Rouge Louisiana Commercial Lease, it is crucial for both landlords and tenants to carefully review all the terms and conditions, seek legal advice if necessary, and ensure that the lease adequately protects their rights and interests.

Baton Rouge Louisiana Commercial Lease is a legally binding agreement between a landlord and a tenant for the rental of commercial property located in Baton Rouge, Louisiana. It outlines the terms and conditions under which the tenant can use the property for business purposes in exchange for rent. The purpose of a Baton Rouge Louisiana Commercial Lease is to protect the rights and interests of both the landlord and the tenant. It provides a clear understanding of the responsibilities and obligations of each party throughout the lease period. This lease agreement typically covers various factors such as lease term, rent amount, security deposit, maintenance responsibilities, permitted use of the property, and any specific clauses or provisions specific to the property or business. There are several types of commercial leases offered in Baton Rouge, Louisiana: 1. Gross Lease: Also known as a full-service lease, this type of lease requires the tenant to pay a fixed rent amount, which includes all or most of the operating expenses, such as property taxes, insurance, and maintenance costs. The landlord is responsible for managing and covering these expenses. 2. Net Lease: In a net lease, the tenant pays a base rent along with additional costs, such as property taxes, insurance, and common area maintenance (CAM) fees. There are three sub-types of net leases: a. Single Net Lease (N): The tenant pays a base rent plus property taxes. b. Double Net Lease (IN): The tenant pays a base rent along with property taxes and insurance. c. Triple Net Lease (NNN): The tenant pays a base rent, property taxes, insurance, and CAM fees. 3. Percentage Lease: This type of lease is commonly used for retail spaces. In a percentage lease, the tenant pays a base rent as well as a percentage of their gross sales to the landlord. It allows the landlord to benefit from the success of the tenant's business. 4. Modified Gross Lease: This lease combines features of both gross and net leases. The tenant pays a base rent, similar to a gross lease, but also assumes some additional costs, such as utilities or janitorial services. When entering into a Baton Rouge Louisiana Commercial Lease, it is crucial for both landlords and tenants to carefully review all the terms and conditions, seek legal advice if necessary, and ensure that the lease adequately protects their rights and interests.