Colorado Commercial Lease Agreement – PDF – Word
The Colorado commercial lease agreement provides protection to a landlord and tenant for any retail, industrial, or office related property that is rented. A standard agreement is usually between one (1) and five (5) years but can be any time frame as determined by the lessor and lessee. There are two (2) types of ways to structure this agreement that are created for this type of arrangement, Triple Net (NNN) and Gross.
- Triple Net (NNN) Lease Agreement – Tenant pays a fixed amount plus all expenses in relation to the property including common area maintenance, utilities, State and local taxes, and insurance.
- Gross Lease Agreement – Tenant pays a fixed or specified rental amount every month and the landlord covers all expenses related to the property.
Once the form is signed by landlord and tenant it becomes legally binding (for large scale leases it is best to have the signatures notarized).