Commercial Building or Space Lease - Maryland 2025

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  1. Click ‘Get Form’ to open the Commercial Building or Space Lease - Maryland 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. Ensure that all parties are clearly identified.
  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. Complete the 'Rent' section by entering the monthly rent amount and any prorated amounts for the first month. Be sure to include payment details as required.
  5. Fill out any applicable sections regarding utilities, late charges, and security deposits. This ensures clarity on responsibilities and expectations.
  6. Review all terms related to maintenance, repairs, and conditions of use. Make sure you understand your obligations as a LESSEE.
  7. Finally, sign and date at the bottom of the form. If there are multiple signatories, ensure all parties have signed before finalizing.

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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.
The most common types include Full Repairing and Insuring Lease (FRI) lease, Gross Lease, Net Lease and Percentage Lease.
Gross Lease 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.
Comparably, statewide Maryland average office rents by class in 2024 were: $33.92 per square foot for class A office space; $27.36 per square foot for class B office space; $20.52 per square foot for class C office space.
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.
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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.

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