Utah Commercial Lease Agreement | PDF – Word
A Utah commercial lease agreement allows a landlord and tenant to enter into a legal agreement for the rental of a commercial, industrial, or office space. Agreements often cover a multiple-year term to ensure that the tenant is committed and that they will be given a proper opportunity to develop a successful business.
There are three (3) variations regarding the division of utilities between a landlord and a tenant in a commercial lease agreement; they are as follows:
- Triple Net (NNN) Lease Agreement – Tenant pays for all expenses in addition to their monthly rent.
- Gross Lease Agreement – Tenant pays monthly rent and the landlord covers all property-related expenses.
- Modified Gross Lease Agreement – Tenant pays a certain amount of expenses defined in the lease and monthly rent.
Business Entity Search – To further assure themselves that the tenant will be reliable, the landlord should verify the tenant’s business license through this webpage which is provided by the Secretary of the State.