Colorado Commercial Lease Agreement | PDF – MS Word
A Colorado commercial lease agreement is used by a landlord to establish rental terms for a tenant seeking to lease retail, industrial, or office-related property. A standard agreement is usually between one (1) and five (5) years but can be any period so long as both parties consent to the terms. There are three (3) ways to structure the financial aspects of a commercial lease: triple net (NNN), gross lease, and modified gross lease (see descriptions below).
- Triple Net (NNN) Lease Agreement – Tenant pays a fixed amount plus all expenses relating to the property, including common area maintenance, utilities, taxes, and insurance.
- Gross Lease Agreement – The tenant pays a fixed amount every month while the landlord covers all expenses relating to the property.
- Modified Gross Lease Agreement – The tenant must pay a portion of the property expenses in addition to the monthly amount.
The form becomes legally binding after it has been signed by the landlord and tenant (for large-scale leases, it is best to have the signatures notarized).
Colorado Business Entity Search – Check the status of an entity by conducting a business search on the Colorado Secretary of State’s website.