California Commercial Lease Agreement Template – PDF – Word
The California commercial lease agreement should be used for any type of retail, office, or industrial property located within the State that it’s owner would like to rent to an individual or business. In the case of renting to a business, it is a good idea for the landlord to seek a guaranty to make sure that if the entity does not pay that the person is personally liable for any unpaid receivables.
There are two (2) main types of commercial leases; Triple Net (NNN) and Gross. A triple net lease is an agreement where the tenant will not only pay the fixed amount of rent every month but also all costs that are related to the property including but not limited to; Common Area Maintenance (CAM’s), Taxes, and Insurance. A gross lease is when the tenant pays a specified amount of money every month and the landlord pays for all the expenses.
After signing both parties are bound to the terms and conditions of the language agreed upon until the end of it’s term.