Louisiana Commercial Lease Agreement Template
The Louisiana commercial lease agreement enables property owners to lease commercial space to a business tenant with clear terms and conditions. The space being rented may be used for retail, office, or industrial purposes, depending on its characteristics. Often, the landlord will prepare the space to suit the tenant’s needs as a part of their arrangement. There are three (3) different ways to structure the agreement:
Gross – Gives all of the financial responsibility to the landlord, 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.