North Carolina Commercial Lease Agreement Template
A North Carolina commercial lease agreement enables a property owner to lease their space to an office, retail, or industrial business tenant. The agreement outlines the conditions which will define the landlord-tenant relationship, such as the contract term, rent payments, utilities, property maintenance, parking, and if a security deposit will be collected. Once the parties agree to the rental terms, they should sign the contract to create a legally binding tenancy.
Commercial leases may be paid in one of the following three (3) ways:
- Gross – Requires the landlord to pay for all of the costs related to the property.
- Modified Gross – Splits the various property costs between the landlord and tenant.
- Triple Net (NNN) – Requires the tenant to pay for all of the costs associated with the property in addition to the monthly rent.