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    Virginia Commercial Triple Net Lease Agreement


    Lease office, retail or other business premises to a tenant with this Virginia 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 is a downloadable legal form available in MS Word format.
    Download Type: Microsoft Word
    Last Updated: 19-May-2021
    SKU: 5829