Alaska Commercial Lease Agreement Template
An Alaska Commercial Lease Agreement, also called a “Business Lease,” is an agreement that allows a retail, corporation, or industrial business to rent out a property at a monthly cost. In general, there are three commercial lease variants that are used: Gross, Modified Gross, and Triple Net (NNN). A Gross Commercial 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. A Triple Net lease agreement ensures that the tenant not only pays rent but also covers the expenses independently.