Common use of MODIFIED GROSS Clause in Contracts

MODIFIED GROSS. Tenant’s Initials _ Landlord’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 Tenant shall be obligated to pay the following monthly expenses _ _ _ __ _ Landlord shall pay the following monthly expenses: _ _ _ _ _ _ _ ☐ - TRIPLE NET (NNN). Tenant’s Initials _ Landlord’s Initials _ It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease”.

MODIFIED GROSS. Tenant’s Initials _ Landlord’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 Tenant shall be obligated to pay the following monthly expenses _ __ _ _ __ _ Landlord shall pay the following monthly expenses: _ _ _ _ _ _ _ ☐ - TRIPLE NET (NNN). Tenant’s Initials _ Landlord’s Initials _ It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease”.

MODIFIED GROSS. Tenant’s Initials _ Landlord’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 Tenant Lessee shall be obligated to pay the following monthly expenses _ _ _ __ _ Landlord shall pay the following monthly expenses: _ _ _ __ . Lessor shall pay the following monthly expenses: _ __ _ _ __ ☐ - . (Continue Section on the Next Page) ☐. TRIPLE NET (NNN). Tenant’s Initials _ Landlord’s Initials _ It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease”.