Common use of MODIFIED GROSS Clause in Contracts

MODIFIED GROSS. Subtenant’s Initials Tenant’s Initials It is the intention of the Parties that this Agreement shall be considered a “Modified Gross Lease”. In addition to the Rent, the Subtenant shall be obligated to pay the following monthly expenses: ☐ - TRIPLE-NET (NNN). Subtenant’s Initials Tenant’s Initials It is the intention of the Parties that this Agreement shall be considered a “Triple Net Lease”.

Appears in 4 contracts

Samples: Commercial Sublease Agreement, Commercial Sublease Agreement, Office Sublease Agreement

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MODIFIED GROSS. Subtenant’s Initials ____ Tenant’s Initials ____ It is the intention of the Parties that this Agreement shall be considered a “Modified Gross Lease”. .” In addition to the Rent, the Subtenant shall be obligated to pay the following monthly expenses: Tenant shall pay the following monthly expenses: ☐ - TRIPLE-NET (NNN). Subtenant’s Initials ____ Tenant’s Initials ____ It is the intention of the Parties that this Agreement shall be considered a “Triple Net Lease..

Appears in 1 contract

Samples: Commercial Sublease Agreement

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MODIFIED GROSS. Subtenant’s Initials Tenant’s Initials It is the intention of the Parties that this Agreement shall be considered a “Modified Gross Lease”. .” In addition to the Rent, the Subtenant shall be obligated to pay the following monthly expenses: ☐ - TRIPLE-NET (NNN). Subtenant’s Initials Tenant’s Initials It is the intention of the Parties that this Agreement shall be considered a “Triple Net Lease..

Appears in 1 contract

Samples: Commercial Sublease Agreement

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