Sacramento California Percentage Shopping Center Lease Agreement

• Category: Landlord Tenant - Commercial Leases - Shopping Centers
• State: Multi-State
• County: Sacramento
• 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. Sacramento, California Percentage Shopping Center Lease Agreement is a legally binding contract that outlines the terms and conditions between a landlord and a tenant for leasing space in a shopping center located in Sacramento, California. This type of lease agreement is commonly used in commercial real estate transactions and is specific to shopping centers where rent is calculated based on a percentage of the tenant's sales. The Sacramento, California Percentage Shopping Center Lease Agreement covers various aspects such as lease duration, rental rate calculation, additional rent for common area maintenance, tenant's obligations, landlord's responsibilities, and rules and regulations governing the use of the leased space. It also includes provisions related to lease termination, renewal options, subleasing, alterations, and dispute resolutions. Different types of Sacramento, California Percentage Shopping Center Lease Agreements may include variations depending on the specific requirements of the landlord and tenant. Some common types may include: 1. Gross Percentage Lease: In this type of lease agreement, the tenant pays a base rent plus a percentage of their sales. The landlord covers most of the operating expenses and maintenance costs. 2. Net Percentage Lease: Here, the tenant pays a base rent plus a percentage of their sales and also shares a portion of the operating expenses and maintenance costs. This type of lease shifts some financial burden onto the tenant. 3. Percentage Lease with a Minimum Base Rent: This variation combines a minimum base rent along with a percentage of the tenant's sales. The tenant pays whichever amount is higher between the two. 4. Step-Up Percentage Lease: A Step-Up Percentage Lease gradually increases the rental rate over a specified period, typically based on predetermined time intervals or sales thresholds. This type of lease provides stability in the initial years and offers flexibility for the tenant to grow and generate higher sales in the future. It is crucial for both parties involved in the Sacramento, California Percentage Shopping Center Lease Agreement to thoroughly review and understand the terms and conditions before signing. Seeking legal advice is highly recommended ensuring that all parties' rights and obligations are adequately protected.

Sacramento, California Percentage Shopping Center Lease Agreement is a legally binding contract that outlines the terms and conditions between a landlord and a tenant for leasing space in a shopping center located in Sacramento, California. This type of lease agreement is commonly used in commercial real estate transactions and is specific to shopping centers where rent is calculated based on a percentage of the tenant's sales. The Sacramento, California Percentage Shopping Center Lease Agreement covers various aspects such as lease duration, rental rate calculation, additional rent for common area maintenance, tenant's obligations, landlord's responsibilities, and rules and regulations governing the use of the leased space. It also includes provisions related to lease termination, renewal options, subleasing, alterations, and dispute resolutions. Different types of Sacramento, California Percentage Shopping Center Lease Agreements may include variations depending on the specific requirements of the landlord and tenant. Some common types may include: 1. Gross Percentage Lease: In this type of lease agreement, the tenant pays a base rent plus a percentage of their sales. The landlord covers most of the operating expenses and maintenance costs. 2. Net Percentage Lease: Here, the tenant pays a base rent plus a percentage of their sales and also shares a portion of the operating expenses and maintenance costs. This type of lease shifts some financial burden onto the tenant. 3. Percentage Lease with a Minimum Base Rent: This variation combines a minimum base rent along with a percentage of the tenant's sales. The tenant pays whichever amount is higher between the two. 4. Step-Up Percentage Lease: A Step-Up Percentage Lease gradually increases the rental rate over a specified period, typically based on predetermined time intervals or sales thresholds. This type of lease provides stability in the initial years and offers flexibility for the tenant to grow and generate higher sales in the future. It is crucial for both parties involved in the Sacramento, California Percentage Shopping Center Lease Agreement to thoroughly review and understand the terms and conditions before signing. Seeking legal advice is highly recommended ensuring that all parties' rights and obligations are adequately protected.