An Alaska commercial lease agreement for a variety of business types such as office suites, retail stores, and industrial space. It’s a flexible agreement that includes the option to choose from the following lease expense options:
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.
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