This rental form is for the leasing of Arizona commercial space to any type of business entity including restaurants, professional services, warehouses, and offices.
Arizona landlords have the choice to select the type of expense calculation used for leasing their premises. Each Arizona commercial lease agreement contains the following 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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