South Carolina Commercial Lease Agreement Form – PDF Template
The South Carolina commercial lease agreement is mainly used by commercial property owners seeking to lease industrial, retail, or office related space to any type of business entity or individual. The standard term is anywhere between two (2) to five (5) years. There are two main types that this form may be created as;
- Triple Net (NNN) – This type of contract makes the tenant agree to pay an amount every month as well as their share of the expenses on the property such as real estate taxes, insurance, CAM’s (Common Area Maintenance), as well as any other local taxes or fees. This type of arrangement is popular with larger corporations.
- Gross – The tenant is only required to pay a one sum amount every month and the landlord takes the task of paying the expenses related to the property.
The landlord may want to check the individual’s credit to make sure that he or she has the financial stability to make the business work and to pay rent on time. Especially if it is a new business, there is a personal guaranty on the last page of the contract that the tenant should sign so that if the entity fails, the landlord is still paid. Usually, there are thousands of dollars invested by the property owner to fit the space to the tenant’s liking, and if the lease terminates early, the landlord will have losses if payment stops.