South Dakota Commercial Triple Net Lease Agreement

Lease office, retail or other business premises to a tenant with this South Dakota Commercial Triple Net Lease Agreement.

  • Triple Net Lease. A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs.
  • Renewal. The lessee has an option to renew the lease for an additional term.
  • Taxes and Charges. The lessee will pay all expenses, taxes, levies, and charges with respect to the premises, all utilities and services, and operating expenses for its business.
  • Insurance. The lessee is responsible for carrying fire, extended coverage, and liability insurance.
  • Alterations and Repairs. The lessee is responsible for all alterations, improvements, maintenance and repairs.
  • Damage or Destruction. Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
  • Subordination. The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge, if required by the lessor.
  • Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.
  • This lease agreement template is intended for use only in the State of South Dakota.
Document Type: Microsoft Word
Last Updated: 15-September-2021
SKU: 5825
$29.99