Kentucky Commercial Lease Agreement Template
A Kentucky commercial lease agreement is for landlords who wish to rent out their office, retail, or industrial property to a tenant. The contract may be modified to any of the following three (3) 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.
Once an oral agreement has been established, the landlord should check the tenant’s financial background with the rental application before finalizing any contract.