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Commercial Net Lease Agreement

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Commercial Net Lease Agreement Powered By Docstoc
					In a commercial net lease, the tenant is obligated to pay all of the building operating
costs in addition to their monthly rent. These costs can include real estate taxes,
insurance, maintenance, repairs, and other expenses. This particular commercial net
lease gives the tenant an option to purchase the property after the period of time set
forth by the parties in the agreement. This lease should be used by small businesses or
other entities who want to enter into a net lease for commercial property.
                            COMMERCIAL NET LEASE AGREEMENT
In consideration of the agreements of the Tenant(s), known as _____ [Instruction: Insert legal
name of Tenant.], ____ [Instruction: Insert legal name of Owner.] the legal owner, hereby
rents them the premises located at ____________________ [Instruction: Insert property
address.] for the period commencing on the __ day of _____________________, 20____,
[Instruction: Insert lease start date.] and monthly thereafter until the __ day of
_____________________, 20____, [Instruction: Insert lease end date.] at which time this
agreement is terminated. Tenant(s), in consideration of Owner's permitting them to occupy the
above premises, hereby agree(s) to the following terms: The sum of $___________________,
[Instruction: Insert rental amount.] evidenced by ____________________, [Instruction:
Insert deposit amount.] as a deposit receipt, the receipt and sufficiency of which is hereby
acknowledged and which upon acceptance of this rental agreement, the Owner of said premises
hereinafter referred to as Owner, shall apply said deposit as follows:
                                                                          Received       Balance Due

                    Total Rent due for entire term     $                      $
                                                       $                       $
                    _$_________________________________________________________________________________
                    Rent for the period from           $                      $
                                                       $                      $
                    _______________________________________________________________________________________
                    Security Deposit                   $                       $
                                                       $                       $
                    _____________________________________________________________________________________________
                    Key Deposit / Oil                  $                       $
                                                       $                       $
                    Co.Deposit____________________________________________________________________________________
                    Last Month's prepaid
                    rent_______________________________________________________________________________________
                    Real Estate Commission
                    _______________________________________________________________________________________
                    Cleaning charge (as set forth herein, if any)
                    ____________________________________________________________________________________
                    TOTAL___________________________________________________________________________________________



In the event that this agreement is not accepted by the Owner or his authorized agent, within
_______ days, the total deposit received shall be immediately refunded.

1. TERM The term hereof shall commence as set forth above. Tenant agrees to cooperate
   with Owner in the showing of the premises for sale or re-rental and agrees to make premises
   accessible and in "show condition" once notice is given to vacate.

2. RENT Rent shall be $___________ [Instruction: Insert monthly rent amount.] per
   month, payable in equal monthly payments in advance, upon the _____ [Instruction: Insert
   day of the month rent is due.] day of each calendar month to Owner or his authorized
   agent, at the following address:
   ______________________________________________________________________
   [Instruction: Insert Owner’s address for rental payment.] or at such other places Owner
   may designate in writing to Tenant. Rent must be paid in full and no amount subtracted from
   it. The first month's rent is to be paid when the Tenant signs this lease. Tenant may be
   required to pay other charges to Owner under the terms of this lease. They are to be called
   "added rent". Added rent charges can result when Owner or his agent must pay for any
   expenses which are the tenant's responsibilities under the terms of this lease. This added rent


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     is payable as rent, together with the next monthly rent due. If tenant fails to pay added rent on
     time, Owner shall have the same rights against tenant as if it were a failure to pay rent. The
     whole amount of rent is due and payable during the effective term of this lease. Payment of
     rent in installments is for tenant's convenience only. If tenant defaults, Owner may give
     notice to tenant that rent may no longer be paid in installments, and the entire rent for the
     remaining part of the term will be due and payable.

3. LATE FEES In the event rent is not paid by the _______(_____) [Instruction: Insert
   written number of days Tenant has to pay rent, followed by numerical representation of
   same in parentheses.] day after due date, Tenant agrees to pay a late charge of $_________
   [Instruction: Insert late charge amount.]. Additional late charges of $__________ will
   incur for each day rent is late beyond the __________ (______) day of the month
   [Instruction: Insert additional late fee charge terms, if any. Otherwise, delete this
   sentence.]. Tenant agrees to further pay $_________ [Instruction: Insert amount to be
   paid for NSF checks.] for each dishonored bank check or check for which Tenant stops
   payment. After the tenth day that rent has not been paid, further legal action may be taken at
   Tenant's expense, in Landlord’s sole discretion. Tenant acknowledges that untimely
   payments can adversely affect credit. Tenant also understands that late fees may be
				
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Description: In a commercial net lease, the tenant is obligated to pay all of the building operating costs in addition to their monthly rent. These costs can include real estate taxes, insurance, maintenance, repairs, and other expenses. This particular commercial net lease gives the tenant an option to purchase the property after the period of time set forth by the parties in the agreement. This lease should be used by small businesses or other entities who want to enter into a net lease for commercial property.
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