MODIFIED GROSS. Lessee’s Initials: [INITIALS] Lessor’s Initials: [INITIALS] It is the intention of the Parties that this Lease shall be considered a “Modified Gross Lease.” In addition to the Base Rent, the Lessee shall be obligated to pay the following monthly expenses: [LIST ALL EXPENSES THAT THE LESSEE WILL BE RESPONSIBLE FOR]. The Lessor shall pay the following monthly expenses: [LIST ALL EXPENSES THAT THE LESSOR WILL BE RESPONSIBLE FOR]. ☐ - TRIPLE-NET (NNN). Lessee’s Initials: [INITIALS] Lessor’s Initials: [INITIALS] It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease.”
Appears in 34 contracts
Samples: New Jersey Commercial Lease Agreement, Texas Commercial Lease Agreement, Ohio Commercial Lease Agreement
