In a net lease, the tenant not only pays rent, but also part of the building's operating costs. These costs include property taxes, insurance and maintenance -- a lease that requires the tenant to pay for all three of these costs is known as a "triple net" lease.
This form is a triple net lease for an entire building.
Important to Know
- To lease part of a building, you'll need "Commercial Net Lease for Part of a Building."
- Many landlords already have their own leases. However, smaller landlords -- those who own only one or two buildings -- will be more likely to sign this lease form.
- Consider using a "Commercial Gross Lease" if it can save you money over the long run. A net lease is often cheaper initially, but may become more expensive if operating costs rise. The longer the lease period, the more inclined you should be to sign a gross lease.
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