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Modified gross lease calculator

Triple lease 2025

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The document is a Triple Net Lease Agreement between a Lessor and Lessee, outlining the terms of leasing a property. It details the responsibilities of both parties regarding rent payments, maintenance, taxes, permitted uses, and conditions for subletting or assignment. The lease includes provisions for repairs, utilities, destruction of premises, and handling hazardous materials. It also covers legal aspects such as default procedures, governing law, mandatory arbitration for disputes, and modifications to the agreement.

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Click ‘Get Form’ to open the triple lease document in the editor.
Begin by filling in the date of the agreement at the top of the form, followed by the names and addresses of both the Lessor and Lessee. Ensure all fields are accurately completed.
In the 'Demise of Premises' section, specify the details regarding the leased premises as outlined in Schedule A. This includes any improvements and easements related to the property.
Next, enter the term of the lease, including start and end dates. Be sure to note any automatic renewal terms that may apply.
Fill in the rental amount due each month, along with payment instructions for where checks should be sent.
Review sections on permitted uses, taxes, repairs, and utilities to ensure compliance with local laws and regulations. Make necessary entries based on your specific situation.
Finally, sign and date at the bottom of the document. If needed, invite other parties to sign using our platform’s sharing features for easy collaboration.

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What is the downside of a triple net lease?

The main concern for a tenant is the higher monthly costs as opposed to those in double or single net lease structures. Furthermore, since tenants become responsible for taxes, this puts them on the hook for any tax-related liabilities such as fines and penalties.

What is a triple lease?

What expenses does the landlord pay for in a triple net lease? Landlords favor triple net commercial leases because this lease structure allows them to pass along expenses for property taxes, building insurance, and CAM to the buildings tenants. The landlord will typically pay for utilities and debt service.

Is a triple net lease a good idea?

Triple net is a popular legal leasing structure for gross lease deals (where a landlord only leases the land, and not the improvements, to a tenant, who is then fully responsible for the property), as well as in saleleaseback and build-to-suit transactions.

How to break a triple net lease?

Typically, when taking advantage of an Early Termination (ET) clause, a triple net lease tenant is required to give notice of early termination of between six months to one and a half years, plus, pay an early termination fee, or ETF.