Commercial Building or Space Lease - Tennessee 2026

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The document is a Tennessee Commercial Lease Agreement between a Lessor and Lessee, outlining the terms of leasing commercial premises. It includes details on the lease term, rent payment, utilities, maintenance responsibilities, conditions for renewal and termination, security deposits, and liability clauses. The agreement emphasizes the rights and obligations of both parties regarding property use, repairs, default procedures, and insurance requirements.
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  1. Click ‘Get Form’ to open the Commercial Building or Space Lease - Tennessee in the editor.
  2. Begin by filling in the date of the agreement at the top of the form, followed by the names of both the LESSOR and LESSEE.
  3. In the 'Premises and Term' section, specify the start and end dates of the lease term, along with a detailed description of the leased premises.
  4. Next, enter the agreed monthly rent amount in the 'Rent' section, ensuring to include any prorated amounts for partial months.
  5. Complete sections regarding utilities and maintenance responsibilities, clearly indicating which party is responsible for each utility cost.
  6. Review and fill out any additional clauses such as late charges, security deposits, and conditions for termination to ensure clarity on all terms.
  7. Finally, have both parties sign at the bottom of the document to finalize the lease agreement.

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Triple net leases are one of the most widely used types of commercial real estate leases. In this arrangement, the tenant pays rent, a share of property taxes, a share of insurance, and a fixed fee for common area maintenance and operating expenses.
While all real estate for commercial property investment has the potential to be profitable, some types consistently outperform others in terms of revenue and stability, including: Industrial Properties. Multifamily Apartment Complexes. Self-Storage Facilities. Medical Office Buildings.
Compare Commercial Lease Agreements Gross leases tend to benefit the tenant, whereas net leases are more landlord friendly. In a gross lease, the tenant has more control over how much is spent on such expenses as janitorial services and utilities.
The most common types include Full Repairing and Insuring Lease (FRI) lease, Gross Lease, Net Lease and Percentage Lease.
It depends on the specific zoning district. Some commercial districts allow single-family or multi-family housing. If the zoning district allows residential uses, the structure may be rebuilt as long as it complies with the bulk regulations of that district such as minimum building setback.

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People also ask

Commercial leases are typically three to five years.
Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.

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