Kansas Commercial Lease Agreement Template
A Kansas commercial lease agreement is designed for property owners who wish to lease their property to an office, retail, or industrial business owner. The landlord should treat the tenant with caution by utilizing a rental application that gives the landlord access to the entity’s financial history as well as that of the business owner. Furthermore, the entity’s status can be verified by looking up their credentials using the Business Entity Search Station (BESS) provided by the Secretary of State’s webpage.
There are three (3) different types of commercial lease agreements:
- Gross consists of the landlord paying for every single cost related to the property, only receiving a monthly rent payment from the business owner (Industrial Lease / Office Lease).
- The Modified Gross type is where the landlord and business owner split up the costs related to the property (the exact costs are determined before the landlord and business owner sign the agreement) (Industrial Lease / Office Lease).
- The Triple Net (NNN) type is where the business owner is responsible for paying all the costs related to the property, including utilities, maintenance, water, heat, parking, taxes, and the monthly rent.