This Maryland Commercial Lease Agreement is used by landlords to rent out various types of real estate units to small businesses in Baltimore, Annapolis, Bethesda, and throughout the state. This rental contract is comprehensive enough to accommodate restaurants, retail stores, office suites, and more. It even includes the option to choose from one of the following expense options defined below:
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.