This is an agreement entered into between a landlord and a tenant for the net lease of a
part of a building. In a net lease, the tenant is obligated to pay all of the building
operating costs in addition to the monthly rent. These costs can include real estate
taxes, insurance, maintenance, repairs, and other expenses. In addition, this
agreement provides for the percentage of the building the tenant will occupy. This
document is ideal for landlords and tenants who want to enter into a net lease for a part
of a building.
NET LEASE FOR PART OF BUILDING
This Net Lease Agreement for Part of Building (hereinafter referred to as the “Agreement”) is
made and entered into this____________ day of ____________________, 20_____, (the
“Effective Date”) by and between ___________________ (hereinafter referred to as the
“Landlord”), and _________________________ (hereinafter referred to as the “Tenant”).
RECITALS:
Whereas the Landlord is the lawful and legitimate owner of the building located at
_______________________________________________________.
Whereas the Landlord desires to lease part of this building (“Building”) to the Tenant and the
Tenant desires to lease part of the Building from Landlord upon the terms and conditions as set
forth herein;
NOW, THEREFORE, for and in consideration of the covenants, conditions and obligations
contained herein and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Landlord and Tenant agree as follows:
1. PREMISES
Landlord is leasing to Tenant and Tenant is leasing from Landlord a portion of the Building,
together with improvements and fixtures thereon, which is more particularly described in the
attached Attachment A, annexed hereto and made a part hereof (the “Premises”);
For purposes of this Lease, Tenant's Percentage in the total Building is agreed to be
_____________ (_________ %) percent. (The percentage determined by dividing the rentable
area of the Premises by the total rentable area of the Building and multiplying the result by 100.)
2. COMMON AREA AND FACILITIES
Tenant shall have the non-exclusive right, in common with such other Tenants to use the
following common area and facilities:
[Mention all common areas and facilities like parking space, common passages, elevators etc.]
3. TERM
The Landlord hereby Leases the Premises to the Tenant for a period commencing on the
___________day of ______________________, 20_______ (the “Commencement Date”) and
this Lease shall continue for a period of Twelve (12) months, unless earlier terminated in
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accordance with the provisions of this Lease (the "Initial Term”). Tenant shall have the option to
extend this lease for an additional period of ________________ ( ) years (the “Option Terms”)
by providing written notice to Landlord 30 days prior to the expiration of the Initial Term,
specifying Tenant’s intent to renew the Lease for optional term.
The Initial Term and any exercised Option Terms shall collectively constitute the “Term.”
If at any time Tenant desires to terminate the tenancy, Tenant may do so by providing the
Landlord 30 days prior written notice of its intention to terminate. If at any time Landlord desires
to terminate the tenancy, Landlord may do so by providing the Tenant 30 days prior written
notice of its intention to terminate.
4. UTILITIES AND SERVICES
Landlord agrees to furnish the following services/utilities:
Heat ________
Water ________
Electricity ________
Gas _____________
Sewer ___________
Disposal Waste Fee ___________
Cable TV Service________
Telephone ___________
Parking________
Other (Specify)_________
Tenant agrees to pay for all utilities and/or services supplied to the Premises and to maintain the
said utilities and services upon terms and conditions as set forth in this Agreement.
5. BASE RENT
The Tenant agrees to pay the sum of ___________________ ($__________) dollars per month
towards base rent. The said Rent is due and payable in advance and no later than the first day of
every month (hereinafter referred to as the “Due date”). If the rent is not remitted on the first of
every month, Rent shall be considered overdue.
Tenant shall make payment of Rent to Landlord by [strike out any that don’t apply]:
personal check _________,
money order ___________,
cashier’s check _________,
other _