Alabama Commercial Lease Agreement

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A Commercial Lease Agreement (also called a “Business Lease”) is an agreement in which the landlord agrees to let the owner of a retail, industrial, or office space for an agreed upon monthly rate. There are three different ways to setup a commercial lease agreement, which are:

  • Triple Net, which is easily the best deal for the landlord, because it requires the tenant to pay a monthly amount plus pay any maintenance for the facility.
  • Gross, in which the tenant pays a simple monthly amount to the landlord.
  • Modified Gross, this payment is in between Triple Net and Gross, because it requires the tenant to pay a monthly fee, and also take care of some of the utility and maintenance costs for the property.

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