Products tagged with 'triple net lease'

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

What is a triple net lease?

A triple net lease is a lease agreement under which the lessee (tenant) is responsible for all costs and expenses related to the premises, including structural repairs, typically in exchange for cheaper rent.

Key Features of the Lease Template

• 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.

Subordination of Lease to Mortgage

The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge or encumbrance, if the lessor requires it.

Damage or Destruction of Premises

The lease form contains clauses providing for abatement of rent or termination of the lease in the event of damage, destruction, or condemnation of the leased premises.

Format and Use of Document

The document template is available in MS Word format and is fully editable to meet your particular circumstances. It is intended to be used only in the State of Washington.

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

• 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.
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BC landlords, rent out office or retail premises to a tenant with this Commercial Triple Net Lease Agreement for British Columbia.

What is a triple net lease?

This lease is a triple net lease carefree to the lessor (landlord). This means that the lessee (tenant) is responsible for paying all costs and expenses associated with the leased premises, except for the landlord's income taxes.

Key Features of the Lease

• The tenant has an option to renew the lease for an additional term.
• The base minimum yearly rent will be adjusted for each year of the lease term.
• The tenant is responsible for carrying fire and extended coverage insurance.
• Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• The tenant accepts the lease subordinate to any mortgage or other lien.
• The tenant must provide an estoppel certificate on request by the landlord.

Indemnification of Landlord

The tenant indemnifies the landlord against all liabilities, claims, damages, demands and actions arising from the tenant's breach or nonperformance under the lease. The landlord will not be liable for any loss or injury suffered by any person on the premises at any time.

Format and Use of Document

The document template is available in MS Word format and is fully editable to meet your particular circumstances. It is intended to be used only in the Province of British Columbia, Canada.

Rent out office or retail premises to a tenant in Manitoba with this Commercial Triple Net Lease Agreement.

What is a triple net lease?

This lease is a triple net lease carefree to the lessor (landlord). This means that the lessee (tenant) is responsible for paying all costs and expenses associated with the leased premises, except for the landlord's income taxes.

Key Features of the Lease

• The tenant has an option to renew the lease for an additional term.
• The base minimum yearly rent will be adjusted for each year of the lease term.
• The tenant is responsible for carrying fire and extended coverage insurance.
• Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• The tenant accepts the lease subordinate to any mortgage or other lien.
• The tenant must provide an estoppel certificate on request by the landlord.

Indemnification of Landlord

The tenant indemnifies the landlord against all liabilities, claims, damages, demands and actions arising from the tenant's breach or nonperformance under the lease. The landlord will not be liable for any loss or injury suffered by any person on the premises at any time.

Included with Template

The lease template includes a form of Estoppel Certificate and a sample set of Rules and Regulations to be followed by the tenant.

Format and Use of Document

The document template is available in MS Word format and is fully editable to meet your particular circumstances. It is intended to be used only in the Province of Manitoba, Canada.

Rent out office or other business premises in Yukon Territory to a tenant with thisCommercial Triple Net Lease Agreement.

• This lease is a triple net lease carefree to the landlord, which means that the tenant pays for everything to do with the premises including structural repairs.
• The tenant has an option to renew the lease for an additional term.
• The tenant will pay all expenses, taxes, levies, and charges with respect to the premises, except for the landlord's income taxes.
• The tenant is responsible for carrying fire and extended coverage insurance.
• The tenant is responsible for all alterations, improvements, maintenance and repairs.
• Provisions for abatement of rent or termination of the lease if the building is substantially damaged, destroyed or condemned.
• The tenant accepts the lease subordinate to any mortgage or other lien.
• The tenant must provide an estoppel certificate on request by the landlord.
• This template is available in MS Word format and is fully editable to fit your needs.
• Intended to be used only in the Yukon Territory, Canada.