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: __________________________________________________________.

Appears in 15 contracts

Samples: Industrial Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement

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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."

Appears in 2 contracts

Samples: Commercial Lease Agreement, Commercial Lease Agreement

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