Contra Costa California Percentage Shopping Center Lease Agreement

• Category: Landlord Tenant - Commercial Leases - Shopping Centers
• State: Multi-State
• County: Contra Costa
• 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. Contra Costa California Percentage Shopping Center Lease Agreement is a legal document that outlines the terms and conditions between a property owner and a retail tenant for leasing space within a shopping center located in Contra Costa County, California. This lease agreement specifically utilizes a percentage rent structure, which means that the tenant will pay a base rent plus a percentage of their gross sales as additional rent. The Contra Costa California Percentage Shopping Center Lease Agreement covers a wide range of specifics, including the duration of the lease, the amount of base rent, the percentage of sales owed as additional rent, common area maintenance (CAM) charges, operating expenses, insurance requirements, compliance with zoning laws, and any necessary permits and licenses. It also includes provisions for renewal options, termination clauses, and the handling of default situations. There may be different types or variations of Contra Costa California Percentage Shopping Center Lease Agreements, depending on the particular needs and circumstances of the shopping center and the parties involved. Some possible variations could include: 1. Short-term Lease Agreement: This type of lease agreement is typically for a shorter duration, such as one to three years, and may be ideal for temporary tenants, seasonal businesses, or pop-up shops within the shopping center. 2. Long-term Lease Agreement: A long-term lease agreement usually spans multiple years, ranging from 5 to 20 years, providing stability for both the property owner and the tenant. This type of lease is commonly sought by established retail businesses. 3. Anchor Tenant Lease Agreement: A shopping center with one or more prominent anchor tenants may have specialized lease agreements that differ from those of smaller tenants. These agreements may include additional provisions such as exclusive rights and specific performance obligations. 4. Common Area Maintenance (CAM) Lease Agreement: Some lease agreements may place a greater emphasis on CAM charges. CAM charges cover the maintenance and upkeep of common areas within the shopping center, such as parking lots, walkways, and shared amenities. This type of lease agreement outlines the tenant's contribution and responsibilities regarding CAM charges. 5. Percentage Rent Adjustment Agreement: When a lease agreement includes a percentage rent provision, there may be circumstances where the agreed-upon sales percentage needs to be adjusted. This can happen due to economic factors, changes in consumer behavior, or unforeseen events such as a pandemic. A separate agreement can be drawn up to modify the percentage rent structure temporarily or permanently. In summary, the Contra Costa California Percentage Shopping Center Lease Agreement is a comprehensive legal document that ensures clear expectations and obligations between property owners and retail tenants leasing space within a shopping center. The various types or variations of this lease agreement help accommodate different leasing requirements and circumstances in the Contra Costa County area.

Contra Costa California Percentage Shopping Center Lease Agreement is a legal document that outlines the terms and conditions between a property owner and a retail tenant for leasing space within a shopping center located in Contra Costa County, California. This lease agreement specifically utilizes a percentage rent structure, which means that the tenant will pay a base rent plus a percentage of their gross sales as additional rent. The Contra Costa California Percentage Shopping Center Lease Agreement covers a wide range of specifics, including the duration of the lease, the amount of base rent, the percentage of sales owed as additional rent, common area maintenance (CAM) charges, operating expenses, insurance requirements, compliance with zoning laws, and any necessary permits and licenses. It also includes provisions for renewal options, termination clauses, and the handling of default situations. There may be different types or variations of Contra Costa California Percentage Shopping Center Lease Agreements, depending on the particular needs and circumstances of the shopping center and the parties involved. Some possible variations could include: 1. Short-term Lease Agreement: This type of lease agreement is typically for a shorter duration, such as one to three years, and may be ideal for temporary tenants, seasonal businesses, or pop-up shops within the shopping center. 2. Long-term Lease Agreement: A long-term lease agreement usually spans multiple years, ranging from 5 to 20 years, providing stability for both the property owner and the tenant. This type of lease is commonly sought by established retail businesses. 3. Anchor Tenant Lease Agreement: A shopping center with one or more prominent anchor tenants may have specialized lease agreements that differ from those of smaller tenants. These agreements may include additional provisions such as exclusive rights and specific performance obligations. 4. Common Area Maintenance (CAM) Lease Agreement: Some lease agreements may place a greater emphasis on CAM charges. CAM charges cover the maintenance and upkeep of common areas within the shopping center, such as parking lots, walkways, and shared amenities. This type of lease agreement outlines the tenant's contribution and responsibilities regarding CAM charges. 5. Percentage Rent Adjustment Agreement: When a lease agreement includes a percentage rent provision, there may be circumstances where the agreed-upon sales percentage needs to be adjusted. This can happen due to economic factors, changes in consumer behavior, or unforeseen events such as a pandemic. A separate agreement can be drawn up to modify the percentage rent structure temporarily or permanently. In summary, the Contra Costa California Percentage Shopping Center Lease Agreement is a comprehensive legal document that ensures clear expectations and obligations between property owners and retail tenants leasing space within a shopping center. The various types or variations of this lease agreement help accommodate different leasing requirements and circumstances in the Contra Costa County area.