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 Agreement shall be considered a “Modified Gross Lease." In addition to the Rent, the Lessee shall be responsible for the following monthly expenses: ___________________________________________. Lessor shall be responsible for the following monthly expenses: __________________________________________________________.

MODIFIED GROSS. Tenant’s Initials _____ Landlord’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 Lessee shall be responsible for the following monthly expenses: ___________________________________________. [to specify], Lessor shall be responsible for the following monthly expenses: [to specify]. ☐ - TRIPLE NET (NNN). Tenant’s Initials _____ Landlord’s Initials _______________________________________________________ It is the intention of the Parties that this Agreement shall be considered a "Triple Net Lease."