California Commercial Lease Agreement | PDF – MS Word
A California commercial lease agreement may be used to establish rental terms for any retail, office, or industrial property located within the State. If renting to a business, the landlord should seek a guaranty to ensure that if the tenant does not pay, the person in charge of making payments is liable for any unpaid receivables.
There are three (3) main types of commercial leases: Triple Net (NNN), Gross, and Modified Gross. A triple net lease is an agreement where the tenant pays both the fixed amount of rent and all costs related to the property (e.g., common area maintenance, taxes, and insurance). A gross lease is used when the tenant pays a monthly payment while the landlord covers all other expenses. The modified gross lease requires the tenant to pay a monthly payment in addition to some of the property expenses.
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