This Georgia Commercial Lease Agreement is perfectly designed for leasing space to small business tenants. Landlords will appreciate the versatile nature of some of the key provisions like subletting, property use, security deposits, and especially selecting the type of lease. Landlords may choose from any one of the three expense options for calculating the monthly rent. And if necessary, an addendum can be attached to this lease if further customization is needed for unique business arrangements and situations.
Modified Gross – In addition to the monthly rent, the tenant is responsible for additional expenses that are agreed upon and itemized in the lease.
Triple Net (NNN) – On top of the base rent, the tenant must pay for their share of the operating expenses of the entire building which usually includes utilities, real estate taxes, insurance, charges, or other expenses in connection with the ownership and operation of the premises. The expenses are typically calculated by determining the tenant’s percentage of the total building area square footage.