Word Pro - sample gross or modified gross lease - DeWitt Londre ... 2026

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The document is a Wisconsin Commercial Lease Agreement between a landlord and tenant, outlining the terms of leasing a commercial property for three years. It details the premises, rent payment structure, responsibilities for utilities and maintenance, conditions for default and termination, security deposit requirements, and provisions regarding alterations to the property. The lease also includes clauses on insurance, liability, and the relationship between the parties. Additionally, it specifies procedures for notices of default and remedies available to both parties.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the date of the agreement at the top of the form, ensuring accuracy for legal purposes.
In the 'LANDLORD' and 'TENANT' sections, enter the names of both parties involved in the lease agreement.
For 'PREMISES AND TERM', specify the location and duration of the lease. Refer to Exhibit A for detailed premises description.
In the 'RENT' section, input rental amounts for each year as specified, ensuring monthly installments are clear and accurate.
Review additional clauses regarding utilities, maintenance responsibilities, and default conditions to ensure compliance with your needs.
Finally, sign and date at the bottom of the document. Ensure all parties have signed before finalizing.

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How to calculate gross lease?

In exchange for assuming some of the propertys expenses, a modified gross lease is often less expensive than a comparable gross lease that doesnt require the tenant to pay any of these costs. On the other hand, costs can be expected to fluctuate in a modified gross lease more than they would in a gross lease.

What does a modified gross lease include?

Modified gross leases are hybrid agreements that offer flexibility by having tenants pay a base rent plus a share of specific operating costs like utilities. This model often appeals to businesses that need a balance between cost predictability and expense control.

What is an example of a modified gross lease?

A gross lease rate consists of a base rent per square foot and additional operating expenses per square foot set during the base year. The base year is typically the year the lease is signed. As such, a gross lease rental rate is inclusive of rent and the first years operating expenses.

What are the three different types of leases?

A modified gross lease is a combination of a gross lease and a net lease. The tenant pays the base rent and expenses that are attributable to their space, while the landlord pays for the other operating expenses. It is usually a negotiated lease between the landlord and the tenant to split the expenses.

What is a potential disadvantage for landlords in a modified gross lease with an expense stop?

There are three categories of leases when it comes to commercial real estate: Gross Lease (also known as Full Service Lease), Net Lease, and Modified Gross Lease. The main similarity among these leases is that they all provide a base rent with variations around who pays for which operational expense.