Nevada Renewal and Extension of Commercial Lease

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

This Commercial Triple Net Lease Agreement is designed for leasing office, retail, or other business premises in Nevada. The template is provided in MS Word format and is fully editable to accommodate your specific requirements.

Triple Net Lease

This is a triple net lease, meaning the tenant (lessee) assumes responsibility for all costs and expenses related to the premises. This includes, but is not limited to, structural repairs, meaning the tenant bears the burden of ongoing maintenance and repairs to the property.

Renewal Option

The lessee is granted the option to renew the lease for an additional term, providing flexibility and continuity for their business operations beyond the initial lease period.

Taxes and Charges

All expenses, taxes, levies, and charges associated with the premises are payable by the lessee. This also encompasses all utility costs, service fees, and operating expenses required for the lessee's business activities within the premises.

Insurance Requirements

The lessee is obligated to carry fire insurance, extended coverage, and liability insurance. This ensures that both the property and liabilities associated with occupancy are adequately protected.

Alterations, Improvements, and Repairs

Responsibility for all alterations, improvements, maintenance, and repairs rests entirely with the lessee. Any changes or upgrades to the premises must be managed and funded by the tenant.

Damage or Destruction

The agreement contains clauses that address scenarios involving damage, destruction, or condemnation of the building. These provisions outline the conditions under which rent may be abated or the lease may be terminated.

Subordination

The lessee agrees to sign a subordination agreement or any other necessary documents to subordinate the lease to a mortgage or other charge, should the lessor require it. This ensures the lease does not take precedence over financial interests held by lenders.

Additional Rent

An optional clause allows for the possibility of percentage rent to be paid by the lessee, in addition to the base rent, if applicable to the agreement.

Jurisdiction

This Triple Net Lease template is intended for use only in the State of Nevada.

Secure the obligations of a corporate tenant under a commercial lease in Nevada with this unconditional and continuing Guaranty of Commercial Lease.

• The guaranty is given by a principal of the corporate tenant (lessee), such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• A guarantee of this type is typically required as an inducement to the lessor / landlord to sign the lease.
• The guarantor 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.
• This template is provided in MS Word format and is fully editable to meet your exact needs.
• Intended to be used only in the State of Nevada.

Cancel a lease for office or retail space with this Nevada Mutual Cancellation of Commercial Lease form.

• This agreement is only for commercial tenancies. Use this form for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• All rights and obligations of the parties under the lease are extinguished, except for those which accrue prior to the termination date.
• Available in MS Word format.
• Intended to be used only in the State of Nevada.