Louisiana Commercial Lease Agreement Template
A Louisiana commercial lease agreement enables property owners to lease commercial space to a business entity or owner. The space being rented may be used for retail, office, or industrial purposes, depending on the needs of the tenant. Often, the landlord will prepare the space to suit the tenant’s needs as a part of their arrangement. The landlord may choose to structure the agreement in one (1) of three (3) ways listed below.
- Gross – Gives all of the financial responsibility to the landlord (with exception to rent payments), requiring him or her to pay for the maintenance, utilities, taxes, water, etc.
- Modified Gross – Property costs are split between the landlord and business owner. The exact costs are agreed upon before the signing of the lease.
- Triple Net (NNN) – Tenant is responsible for paying all costs associated with the property while also paying the monthly payment.