This Colorado Commercial Lease Agreement is comprehensive enough to handle the majority of office buildings, retail spaces, and industrial property. It can be tailored to accommodate one of the three common expense options for calculating the actual cost of the leased premises for the business tenant. It’s up to the landlord and tenant to negotiate the terms of their agreement and then make the appropriate selections contained within the lease.
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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