Rent out offices, retail stores, restaurants and more with this Indiana Commercial Lease Agreement for landlords. As long as the property is zoned for the the type of business that leases it, this rental contract can accommodate almost any arrangement. However, it is up to the landlord and business owner to make sure this commercial lease complies with all current federal, state, and local laws and statutes.
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.
Indiana Commercial Law