Ohio Commercial Lease Agreement | PDF – MS Word
An Ohio commercial lease agreement is between a property owner and a business entity electing to rent industrial, office, or retail-related space. A lease agreement is usually longer than one (1) year (usually a three (3) to five (5) year initial term) due to the amount of money it takes for the business entity to generate sufficient income. A lease agreement can be designed to suit the needs of both parties, and there are three (3) varieties from which the tenant and landlord can choose (listed below).
- Triple Net (NNN) – An agreement where the tenant pays a rental amount plus all the expenses, including the real estate taxes and insurance on the property.
- Modified Gross – The tenant pays a monthly amount plus a portion of the expenses and real estate taxes and insurance on the property.
- Gross – The tenant only pays a monthly amount to the landlord. All expenses and fees related to the property are paid by the landlord.
Ohio Secretary of State Business Search – Can be used to research the business entity applying to rent commercial real estate.