Whether you’re renting out warehouse space, office suites, or retail storefronts, this Alabama commercial lease agreement is flexible and comprehensive enough to accommodate may different types of businesses. It even includes the option to tailor the lease expenses using any one of the following methods:
Modified Gross – In addition to the rent, the Tenant shall be responsible for the specific additional expenses that are agreed upon and itemized in the lease.
Triple Net (NNN) – In addition to the rent, the Tenant agrees to pay for their share of the operating expenses of the entire building (as well as the taxes and insurance). This is typically calculated by determining the Tenant’s percentage of the total building area square footage.