Commercial property needs to managed carefully and one of the bet ways to begin is by using a comprehensive Kentucky Commercial Lease Agreement. Renting a unit, suite, or building to a small business requires a fairly substantial rental contract. This document is 9 pages and can be tailored to meet the needs of most landlord-tenant relationships including selecting gross, modified gross, or triple net.
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.
Kentucky Commercial Real Estate Laws
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