Maine Commercial Lease Agreement Template
A Maine commercial lease agreement can be used by property owners looking to allow a business tenant to occupy their office, industrial, or retail space. A commercial tenant can be either an individual or a business entity and the rental space will often be outfitted or prepared by the landlord in such a way as to suit the business’s operative needs. There are three (3) main ways to structure this type of arrangement:
- Gross – In which the tenant is only responsible for the monthly payment, while the landlord is responsible for any and all related costs to the premises.
- Modified Gross – The tenant is responsible for the monthly payment in addition to a shared arrangement of the costs associated with the property.
- Triple Net (NNN) – The tenant pays for the monthly payment and all costs related to the premises.
All agreements must follow State laws (14 M.R.S.A. § 6017).