Idaho Commercial Lease Agreement
The Idaho commercial lease agreement is geared towards retail, office, or industrial tenants seeking to occupy and pay for space on a monthly basis. Like any lease agreement, the landlord can request the applying business owner to complete a rental application to verify the entity as well as the personal finances of the principal.
There are three (3) different types of commercial lease agreements in Idaho, called Gross, Modified Gross, and Triple Net (NNN).
- For the Gross type of commercial lease agreement, the landlord pays all of the costs relating to the property.
- For Modified Gross, the landlord and tenant split the costs relating to the property (the exact costs are agreed upon before the signing of the lease agreement).
- For the Triple Net (NNN) type of commercial lease agreement, the tenant is required to pay every single cost relating to the property, while also paying monthly rent.