Common use of MODIFIED GROSS Clause in Contracts

MODIFIED GROSS. [Lessee’s Initials: Lessor’s 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: The Lessor shall pay the following monthly expenses: ☐ - TRIPLE-NET (NNN). [Lessee’s Initials: ___ Lessor’s Initials ] It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease.”

MODIFIED GROSS. [Lessee’s Initials: Initials Lessor’s 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: The Lessor shall pay the following monthly expenses: ☐ - TRIPLE-TRIPLE NET (NNN). [Lessee’s Initials: ___ Initials Lessor’s Initials ] It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease”.”