Phoenix Arizona Commercial Lease Agreement for Building to be Erected by Lessor

• Category: Landlord Tenant - Commercial Leases
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Commercial Lease Agreement for Building to be Erected by Lessor is a legal contract between a property owner (Lessor) and a business entity or individual (Lessee) for the rental of a commercial space in Phoenix, Arizona. The agreement outlines the terms and conditions under which the Lessee can lease and operate a business in the building or premises that will be constructed by the Lessor. Keywords: Phoenix Arizona, commercial lease agreement, building, erected, Lessor, Lessee, rental, terms and conditions, premises, constructed The Phoenix Arizona Commercial Lease Agreement for Building to be Erected by Lessor has different types based on specific requirements and preferences. Some of these variations include: 1. Triple Net Lease Agreement: This type of commercial lease agreement specifies that the Lessee is responsible for paying not only the rent but also property taxes, insurance, and maintenance costs associated with the property. 2. Gross Lease Agreement: In this type of lease, the Lessor covers most of the expenses, including property taxes, insurance, and maintenance costs, while the Lessee pays a fixed rent amount. 3. Percentage Lease Agreement: This agreement is commonly used for retail businesses. Under this lease, the Lessee pays a base rent plus a percentage of their monthly sales as additional rent. 4. Ground Lease Agreement: This type of lease agreement involves leasing the land from the Lessor, who remains the owner of the property while the Lessee constructs a building or structure. 5. Build-to-Suit Lease Agreement: This lease agreement is negotiated when the Lessor agrees to construct a building or space based on the specific needs and requirements of the Lessee. The terms, rent, and design of the building are outlined prior to construction. 6. Short-term Lease Agreement: This type of agreement is typically used for temporary or seasonal businesses. It allows the Lessee to rent the building or space for a shorter duration, often for a few months or less. Each type of Phoenix Arizona Commercial Lease Agreement for Building to be Erected by Lessor offers different benefits and obligations, catering to the specific needs of businesses in Phoenix, Arizona. It is crucial for both parties to carefully review and understand the terms and conditions before entering into such a lease agreement to ensure a successful and mutually beneficial arrangement.

Phoenix Arizona Commercial Lease Agreement for Building to be Erected by Lessor is a legal contract between a property owner (Lessor) and a business entity or individual (Lessee) for the rental of a commercial space in Phoenix, Arizona. The agreement outlines the terms and conditions under which the Lessee can lease and operate a business in the building or premises that will be constructed by the Lessor. Keywords: Phoenix Arizona, commercial lease agreement, building, erected, Lessor, Lessee, rental, terms and conditions, premises, constructed The Phoenix Arizona Commercial Lease Agreement for Building to be Erected by Lessor has different types based on specific requirements and preferences. Some of these variations include: 1. Triple Net Lease Agreement: This type of commercial lease agreement specifies that the Lessee is responsible for paying not only the rent but also property taxes, insurance, and maintenance costs associated with the property. 2. Gross Lease Agreement: In this type of lease, the Lessor covers most of the expenses, including property taxes, insurance, and maintenance costs, while the Lessee pays a fixed rent amount. 3. Percentage Lease Agreement: This agreement is commonly used for retail businesses. Under this lease, the Lessee pays a base rent plus a percentage of their monthly sales as additional rent. 4. Ground Lease Agreement: This type of lease agreement involves leasing the land from the Lessor, who remains the owner of the property while the Lessee constructs a building or structure. 5. Build-to-Suit Lease Agreement: This lease agreement is negotiated when the Lessor agrees to construct a building or space based on the specific needs and requirements of the Lessee. The terms, rent, and design of the building are outlined prior to construction. 6. Short-term Lease Agreement: This type of agreement is typically used for temporary or seasonal businesses. It allows the Lessee to rent the building or space for a shorter duration, often for a few months or less. Each type of Phoenix Arizona Commercial Lease Agreement for Building to be Erected by Lessor offers different benefits and obligations, catering to the specific needs of businesses in Phoenix, Arizona. It is crucial for both parties to carefully review and understand the terms and conditions before entering into such a lease agreement to ensure a successful and mutually beneficial arrangement.