Georgia Commercial Lease Agreement Template
The Georgia commercial lease agreement is a document employed by property owners looking to lease their commercial space (industrial, retail, office) to business tenants. Due to the fact that commercial lease agreements usually span over longer terms than a residential lease (three-five years instead of one), it is recommended taht the landlord research their potential tenants by submitting their information into the Georgia State Business Search portal and by having the business owners and all executives complete a rental application.
Generally speaking, there are three different types of commercial lease agreements in Georgia; Gross, Modified Gross, and Triple Net (NNN). Gross is the best situation for the tenant, requiring the landlord to pay most if not all of the property costs and leaving the tenant to cover rent. Modified Gross is an arrangement wherein the property costs are divided between the landlord and business owner. Finally, Triple Net (NNN) requires the tenant to pay all of the costs relating to the property, including utilities, maintenance, taxes, etc., plus monthly rent.