Alabama
Write professional business leasing documents with these fully editable template Commercial Lease Forms for Alabama landlords and property managers.
Unlike the protections that residential renters have under the Uniform Residential Landlord and Tenant Act, there are no laws protecting commercial tenants in Alabama. So it's important to make sure that the rights and obligations of each of the parties is clearly defined in the lease agreement. Under Alabama law, the parties are expected to negotiate matters between themselves.
Alabama Commercial Sublease Agreement
Business tenants in Alabama can sublet all or part of their space to a subtenant with this easy-to-use Commercial Sublease Agreement.
- This sublease can be used for offices, retail shops or other business premises.
- The subtenant must pay a security deposit to the original tenant.
- The subtenant pays rent to the tenant, who in turn pays the landlord.
- The original tenant must still perform its obligations under the head lease.
- The original tenant assigns its interest in the sublease to the landlord.
- The original tenant directs the subtenant to pay rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
- The form is available as a downloadable MS Word template.
- This sublease agreement is intended for use in the State of Alabama.
Alabama Commercial Triple Net Lease Agreement
Lease office, retail or other business premises to a tenant with this Alabama Commercial Triple Net Lease Agreement.
This MS Word template is designed for leasing office, retail, or other business premises, and outlines the specific responsibilities of both the landlord (lessor) and tenant (lessee) in a commercial leasing situation.
Triple Net Lease Structure
Under this agreement, the lessee assumes responsibility for all costs and expenses associated with the premises, including structural repairs. This arrangement is referred to as a "triple net lease," meaning the tenant covers virtually all operational costs in addition to the base rent.
Renewal Option
The lessee has the option to renew the lease for an additional term, enabling continued occupancy under the same or renegotiated terms.
Payment of Taxes and Charges
The lessee is obligated to pay all expenses, taxes, levies, and charges related to the premises. This includes all utilities, services, and operating expenses necessary for the conduct of their business.
Insurance Requirements
It is the lessee’s responsibility to maintain appropriate insurance coverage. The required coverage includes fire insurance, extended coverage, and liability insurance for the duration of the lease.
Alterations, Improvements, and Repairs
The lessee is responsible for all alterations, improvements, maintenance, and repairs to the premises. This ensures the property is kept in good condition and all modifications are managed by the tenant.
Damage or Destruction
The agreement contains clauses that address scenarios involving damage, destruction, or condemnation of the building. These clauses specify the procedures for abatement of rent or possible termination of the lease in such events.
Subordination
The lessee agrees to execute a subordination agreement or any other documents required to subordinate the lease to a mortgage or other encumbrance, if requested by the lessor. This provision ensures the lease is subordinate to the lessor’s financing arrangements.
Additional Rent
An optional clause allows for the inclusion of percentage rent in addition to the base rent, should this be applicable. This enables the landlord to receive a portion of the tenant’s business income as additional rent.
Jurisdiction
This Triple Net Lease is intended for use only in the State of Alabama.
