California Commercial Lease Agreement
If you are the owner of a property in California and wish to lease your property to a hopeful retail, office, or industrial business owner, this California Commercial Lease Agreement is for you. As the property owner, remember to keep in mind that the tenant may be hard pressed to afford payments as it can take medium to long periods of time for a business to build up clientele and start saving their income. In general, there are three type of commercial lease agreements, being:
Gross – The preferred situation for the tenant, as the tenant is only required to pay a monthly fee, and all other maintenance and tax bills including repairs are taken care of by the landlord.
Modified Gross – This form of commercial lease agreement is in-between Gross and Triple Net (NNN), as the landlord and tenant will agree on who pays what costs. Simply put, both the tenant and landlord will share a part of the maintenance and tax costs.
Triple Net (NNN) – The best situation for the landlord, as the tenant is responsible for paying all maintenance, tax, utility, and repair costs to the property.
Commercial Landlord-Tenant Law – Read the full list of California laws pertaining to commercial property
Disclosure – The energy efficiency disclosure statement must be attached to all commercial contracts.