Kentucky Commercial Lease Agreement
The Kentucky commercial lease agreement is designed for landlords who wish to rent out their property to a willing office, retail, or industrial tenant. The contract may be modified to any of the three main property types and once an oral agreement has been established it is important for the landlord to check the tenant’s financial background with the rental application.
There are three different types of commercial lease agreements:
- Gross – The landlord is required to pay all the expenses related to the property.
- Modified Gross – The landlord and tenant will agree on who pays what costs for the property. A shared arrangement.
- Triple Net (NNN) – Tenant pays every cost related to the property, including utilities, water, heat, maintenance, taxes, monthly rent, etc.