North Carolina Commercial Lease Agreement

Lease office, retail or other business premises to a tenant with this North Carolina 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.

• The guaranty is given by a principal of the company, 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.

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

• This agreement is only for commercial tenancies. A different form is required for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• The cancellation of the lease extinguishes all the rights and obligations of the parties under the lease, except for those which accrue prior to the termination date.
• Available in MS Word format, downloadable and fully editable to fit your needs.
• Intended to be used only in the State of North Carolina.

Use this downloadable North Carolina Notice of Assignment template to notify your business tenants that their leases have been assigned to a new landlord.

• The current landlord (or the rental property manager) is required to give notice to all leasehold tenants of any event that results in a change of lessor, such as the sale of the building to a new owner.
• The tenants are directed to pay rent and lease charges to the new landlord at a specified address.
• This is a reusable landlord-tenant notice. Purchase it, download it, and re-use it as often as you require.
• Available in MS Word format.
• Intended for use only in the State of North Carolina.