Products tagged with 'alabama'

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.

Alabama landlords, if your tenant is in breach of the rental agreement or lease, serve the tenant with this Notice of Termination for Breach of Lease.

This Notice of Termination is designed for use by Alabama landlords when a tenant is found to be in breach of their rental agreement or lease. The purpose of this document is to formally inform the tenant of their breach and the subsequent termination of the lease.

Notification of Breach

Upon serving this Notice, the tenant is notified that they have violated the terms of the lease. The document clearly states that the lease is terminated due to this breach.

Tenant Responsibilities

After receiving the Notice, the tenant is required to either cure the breach—if it is possible to do so—or vacate the rental premises within 14 days. Failure to comply with these requirements will result in the landlord initiating eviction proceedings.

Service of Notice

The package includes a Service of Notice form, which should be completed to record the specific details of how and when the Notice was served on the tenant.

Usage and Availability

Once purchased, the form may be used as often as needed by the landlord. It is available in Microsoft Word format for convenience.

Jurisdiction

This Notice is intended for use exclusively within the State of Alabama.

Alabama landlords, if your tenant is behind in paying the rent, serve him/her with this Notice of Termination for Failure to Pay Rent.

• The Notice notifies the tenant that he/she is in breach of the lease for failure to pay the rent on time, and that the lease is terminated.
• The tenant must either pay the rent by the specified date or he/she must vacate the rental premises within 7 days of receiving the Notice, failing which the landlord will commence eviction proceedings.
• A Service of Notice form is included to record the details of how the Notice was served on the tenant.
• Buy the form once, and it's yours to use as often as you require.
• Available in MS Word format.
• Intended to be used only in the State of Alabama.

Sublet the property you are renting to a subtenant with this Residential Sublease Agreement for Alabama.

• The sublease requires the consent of the landlord.
• The subtenant must pay the rent, the utilities and a damage deposit.
• The subtenant must keep the premises in clean and good condition.
• The subtenant cannot assign the sublease without the consent of both the landlord and the original tenant.
• The sublease includes a Premises Inspection Report and Inventory Checklist.
• The file also includes a Co-Signer Agreement to be used in the event that the subtenant is a minor (such as a student). This agreement would be signed by a parent or guardian, who guarantees to pay any amounts due if the tenant fails to pay.
• Available in MS Word format, can be easily edited to fit your circumstances.
• Intended to be used only in the State of Alabama.