Offer this Idaho Commercial Lease Agreement to a small business looking to for an office suite, repair shop, boutique, or other workable space. Equipped with numerous provisions, it can meet the needs of most commercial property owners and their prospective corporate tenants. Embedded within this document is the option to select the desired method for calculating the overall cost to the tenant. Read the following choices:
Modified Gross – The tenant is responsible for specific additional expenses (aside from the base rent amount) that are added in the lease.
Triple Net (NNN) – The tenant must pay their base rent and 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.