Tarrant Texas Percentage Shopping Center Lease Agreement

• Category: Landlord Tenant - Commercial Leases - Shopping Centers
• State: Multi-State
• County: Tarrant
• 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. Tarrant Texas Percentage Shopping Center Lease Agreement is a legal document outlining the terms and conditions of leasing a commercial space within a shopping center in Tarrant County, Texas. This agreement is specifically designed for businesses looking to rent space in a retail shopping center. The Percentage Shopping Center Lease Agreement is unique because it includes a percentage rent clause, which means that in addition to a base rent, the tenant agrees to pay a percentage of their monthly sales to the landlord as part of the lease agreement. This percentage is usually a small fraction of the tenant's monthly sales. One type of Tarrant Texas Percentage Shopping Center Lease Agreement is the Triple Net (NNN) Lease Agreement. In this type of agreement, the tenant is responsible for paying not only base rent and percentage rent, but also property taxes, insurance, and maintenance costs associated with the leased space. This places a significant burden on the tenant, but allows them to have more control over the property. Another type of Tarrant Texas Percentage Shopping Center Lease Agreement is the Gross Lease Agreement. Under this agreement, the landlord assumes responsibility for all property expenses including property taxes, insurance, and maintenance costs. The tenant pays a fixed monthly rent, including any percentage rent due, but has less control over the property compared to a Triple Net Lease Agreement. Key elements found in a Tarrant Texas Percentage Shopping Center Lease Agreement include details about the leased space, such as its square footage and location within the shopping center. The agreement also outlines the term of the lease, rent calculations, percentage rent provisions, maintenance responsibilities, and rules and regulations governing the use of the leased space. Additionally, the agreement may include provisions related to renewal or termination of the lease, restrictions on alterations, assignment and subletting rights, and dispute resolution mechanisms. Before signing a Tarrant Texas Percentage Shopping Center Lease Agreement, both the landlord and the tenant should carefully review and negotiate its terms to ensure they align with their respective interests and obligations. It is also recommended consulting with legal professionals experienced in commercial leasing to ensure compliance with local laws and regulations.

Tarrant Texas Percentage Shopping Center Lease Agreement is a legal document outlining the terms and conditions of leasing a commercial space within a shopping center in Tarrant County, Texas. This agreement is specifically designed for businesses looking to rent space in a retail shopping center. The Percentage Shopping Center Lease Agreement is unique because it includes a percentage rent clause, which means that in addition to a base rent, the tenant agrees to pay a percentage of their monthly sales to the landlord as part of the lease agreement. This percentage is usually a small fraction of the tenant's monthly sales. One type of Tarrant Texas Percentage Shopping Center Lease Agreement is the Triple Net (NNN) Lease Agreement. In this type of agreement, the tenant is responsible for paying not only base rent and percentage rent, but also property taxes, insurance, and maintenance costs associated with the leased space. This places a significant burden on the tenant, but allows them to have more control over the property. Another type of Tarrant Texas Percentage Shopping Center Lease Agreement is the Gross Lease Agreement. Under this agreement, the landlord assumes responsibility for all property expenses including property taxes, insurance, and maintenance costs. The tenant pays a fixed monthly rent, including any percentage rent due, but has less control over the property compared to a Triple Net Lease Agreement. Key elements found in a Tarrant Texas Percentage Shopping Center Lease Agreement include details about the leased space, such as its square footage and location within the shopping center. The agreement also outlines the term of the lease, rent calculations, percentage rent provisions, maintenance responsibilities, and rules and regulations governing the use of the leased space. Additionally, the agreement may include provisions related to renewal or termination of the lease, restrictions on alterations, assignment and subletting rights, and dispute resolution mechanisms. Before signing a Tarrant Texas Percentage Shopping Center Lease Agreement, both the landlord and the tenant should carefully review and negotiate its terms to ensure they align with their respective interests and obligations. It is also recommended consulting with legal professionals experienced in commercial leasing to ensure compliance with local laws and regulations.