Alaska Commercial Lease Agreement Template
An Alaska commercial lease agreement, also called a “Business Lease,” is an agreement that allows retail, office, or industrial businesses to rent out a property while paying monthly rent.
In general, there are three (3) commercial lease types that are used: Gross, Modified Gross, and Triple Net (NNN).
Gross Lease is one in which the tenant pays one gross sum for their monthly rent and from that sum the landlord will cover any other expenses such as repairs and utilities.
Modified Gross has both landlord and tenant dividing the additional costs on top of the tenant paying rent.
Triple Net (NNN) ensures that the tenant not only pays rent but also covers the expenses independently.