Alabama Commercial Lease Agreement

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An Alabama commercial lease agreement (also called a “business lease”) is an agreement in which a landlord will agree to rent an industrial, retail, or office space to a business owner in exchange for monthly payment. Listed below are the three ways in which a commercial lease agreement can be set up.

  • Triple Net – This 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 – Here, the tenant pays a simple monthly amount to the landlord with no additional payments.
  • Modified Gross – This payment type is in between Triple Net and Gross as it requires that the tenant pay a monthly fee, and also take care of some of the utility and maintenance costs for the property.

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