Indiana Commercial Lease Agreement Template
An Indiana commercial lease agreement is designed for property owners looking to rent their property to a business owner. While this document is similar to other types of rental contracts, it is different in the fact that there are three separate ways of structuring the lease (Gross, Modified-Gross, and Triple Net (NNN)). For the Gross type, the landlord typically pays for every cost related to the property, with the tenant only contributing a fixed monthly payment. A Modified-Gross contract splits up the costs of the property between the landlord and business owner, which is discussed before authorization. For the Triple Net (NNN), every single cost is covered by the tenant, including utilities, maintenance, taxes, bills, and monthly rent.