Corporate lease agreement templateCorporate Lease Agreement • June 6th, 2023
Contract Type FiledJune 6th, 2023This type of lease is most tenant friendly as there are no hidden costs, and the tenant can forecast their monthly and annual lease payments. Modified Gross Lease A Modified Gross Lease is a lease structure where the tenant pays their base rent plus an additional portion of the operating costs. In a Modified Gross Lease, the operating costs are both the landlord’s and tenant’s responsibilities, and these terms are negotiable and defined in the lease. A Modified Gross Lease is used when there is a common area shared between different businesses.