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DC Commercial Triple Net Lease Agreement
Lease office, retail or other business premises in Washington D.C. to a tenant with this District of Columbia 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.
$29.99
DC Guaranty of Commercial Lease
Before executing a lease with a new corporate tenant, have one of the owners guarantee the business' obligations under this Guaranty of Commercial Lease.
- The Guaranty form is only for leases in the District of Columbia.
- This is a continuing and unconditional guarantee.
- A principal of the company, such as a shareholder, partner, or sole proprietor must execute the form.
- A guarantee of this type is typically required as an inducement to the lessor â„ landlord to sign the lease.
- The guarantor personally guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
$17.99