Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor

• Category: Landlord Tenant - Commercial Leases
• State: Multi-State
• County: Franklin
• Control #: US-0483BG
• Format: Word; Rich Text

Description

A build-to-suit lease has various definitions. The simplest definition is any lease that references some construction to meet the tenant's requirements. This construction can range from adding minor tenant finish items to a general business office to the Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor The Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor is a legal document that outlines the terms and conditions under which a lessee rents a commercial property from a lessor in Franklin, Ohio. This lease agreement is specifically designed for buildings that are yet to be constructed, allowing businesses to secure a space in a building that will be erected by the lessor. This type of lease agreement is commonly used in situations where the lessor plans to develop a commercial property and wants to secure tenants before the construction is complete. By signing this agreement, the lessee agrees to occupy the premises once the building is constructed, providing them with a future commercial space. The following are relevant keywords pertaining to the Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor: 1. Franklin Ohio: Referring to the specific location where the lease agreement is applicable, providing jurisdictional context. 2. Commercial Lease Agreement: A legal contract outlining the terms and conditions between the lessor and the lessee when renting a commercial property. 3. Building to be Erected: Indicates that the leased property does not currently exist but will be constructed by the lessor in the future. 4. Lessor: The property owner or developer who leases the commercial space to the lessee. 5. Lessee: The individual or business entity that rents the commercial space from the lessor. 6. Terms and Conditions: The rules and regulations that govern the agreement, including rent, lease duration, maintenance responsibilities, and any restrictions. 7. Constructed Building: Refers to the completed commercial structure once the lessor has finished the construction process. 8. Future Commercial Space: Signifies that the lessee will have access to the commercial property once the construction is finished. 9. Premises: Denotes the specific location or space within the building that will be leased by the lessee. 10. Rent: The monetary payment made by the lessee to the lessor for the use of the commercial property. Different types of Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor: 1. Triple Net Lease Agreement: This lease agreement stipulates that the lessee is responsible for paying rent as well as the property taxes, insurance, and maintenance expenses associated with the commercial space. 2. Gross Lease Agreement: In this type of lease agreement, the lessor includes all property taxes, insurance, and maintenance costs in the rent, relieving the lessee of any additional financial responsibilities. 3. Percentage Lease Agreement: This agreement includes a base rent along with a percentage of the lessee's gross sales as additional payment. 4. Short-term Lease Agreement: A lease agreement with a relatively shorter duration, usually lasting a few months to a year, catering to businesses that require temporary commercial space. 5. Long-term Lease Agreement: This type of lease agreement has a longer duration, often spanning several years, offering stability and security for businesses that require a more permanent commercial space. It is important to consult with a legal professional to ensure that the specific lease agreement terms meet the requirements and regulations of Franklin, Ohio, and any additional considerations that may be relevant to the specific situation.

Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor The Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor is a legal document that outlines the terms and conditions under which a lessee rents a commercial property from a lessor in Franklin, Ohio. This lease agreement is specifically designed for buildings that are yet to be constructed, allowing businesses to secure a space in a building that will be erected by the lessor. This type of lease agreement is commonly used in situations where the lessor plans to develop a commercial property and wants to secure tenants before the construction is complete. By signing this agreement, the lessee agrees to occupy the premises once the building is constructed, providing them with a future commercial space. The following are relevant keywords pertaining to the Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor: 1. Franklin Ohio: Referring to the specific location where the lease agreement is applicable, providing jurisdictional context. 2. Commercial Lease Agreement: A legal contract outlining the terms and conditions between the lessor and the lessee when renting a commercial property. 3. Building to be Erected: Indicates that the leased property does not currently exist but will be constructed by the lessor in the future. 4. Lessor: The property owner or developer who leases the commercial space to the lessee. 5. Lessee: The individual or business entity that rents the commercial space from the lessor. 6. Terms and Conditions: The rules and regulations that govern the agreement, including rent, lease duration, maintenance responsibilities, and any restrictions. 7. Constructed Building: Refers to the completed commercial structure once the lessor has finished the construction process. 8. Future Commercial Space: Signifies that the lessee will have access to the commercial property once the construction is finished. 9. Premises: Denotes the specific location or space within the building that will be leased by the lessee. 10. Rent: The monetary payment made by the lessee to the lessor for the use of the commercial property. Different types of Franklin Ohio Commercial Lease Agreement for Building to be Erected by Lessor: 1. Triple Net Lease Agreement: This lease agreement stipulates that the lessee is responsible for paying rent as well as the property taxes, insurance, and maintenance expenses associated with the commercial space. 2. Gross Lease Agreement: In this type of lease agreement, the lessor includes all property taxes, insurance, and maintenance costs in the rent, relieving the lessee of any additional financial responsibilities. 3. Percentage Lease Agreement: This agreement includes a base rent along with a percentage of the lessee's gross sales as additional payment. 4. Short-term Lease Agreement: A lease agreement with a relatively shorter duration, usually lasting a few months to a year, catering to businesses that require temporary commercial space. 5. Long-term Lease Agreement: This type of lease agreement has a longer duration, often spanning several years, offering stability and security for businesses that require a more permanent commercial space. It is important to consult with a legal professional to ensure that the specific lease agreement terms meet the requirements and regulations of Franklin, Ohio, and any additional considerations that may be relevant to the specific situation.