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Agreements For Net Leases, NNN Leases, Triple Net Leases

Lease Agreements
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►►(Note that most Lease Agreements on LPs website are "net" in character, and require the tenant to pay its prorata share of operating or common area expenses. A Lease Agreement not listed in this "Net Leases" section may nevertheless be a net lease listed under another more descriptive category.)

LA 741 Net Lease For Large Office And Warehouse Tenant In Upscale Flex Industrial Park

This agreement is for a net lease for a large user taking space in an upscale flex industrial complex.

The premises have both office and warehouse components, and the lease is comprehensive and net in character.

Number of Single Spaced Pages: 47

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LA 211 The Triple Net Single User Suburban Office Lease

This lease is designed for a suburban office lease where the tenant is responsible for all taxes, insurance and operating costs, except for those expenses specifically enumerated in the lease.

Number of Single Spaced Pages: 33

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LA 725 Canadian Net Office Lease For Multi-Tenant Building With Personal Covenants

This Canadian lease form is designed for an office tenant occupying office space which is leased on a net basis by the landlord.

The tenant is responsible for its rent under the lease as well as its proportionate share of all other occupancy costs. This form also provides for a personal guarantee (covenants) from one of the tenant's shareholders.

Number of Single Spaced Pages: 22

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LA 719: Triple Net Industrial Park Lease With Purchase Option For Single Tenant Building Partially Occupied By Prior Tenant For Part Of The Term

This triple net lease form is designed for a single tenant industrial park building leased to a single tenant with a third party tenant already in possession of part of the building. The landlord leases the entire facility to the new tenant who takes it subject to the existing third party lease.

When the lease to the other tenant expires, the new tenant will occupy the entire premises. Prior to the expiration of the existing lease, the landlord will rebate back the rent and common area expenses received from the first tenant to the new tenant. The lease gives the new tenant a right to purchase the premises, subject to stipulated terms and conditions.

Number of Single Spaced Pages: 46

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LA 691 Net Office/Industrial Lease Of Property Sold To Investor And Leased Back To Tenant

This agreement is designed for a sale leaseback transaction in which an investor purchases property owned by the tenant and leases it back to the tenant following the purchase.

This is essentially a financing transaction, making the investor most anxious to use a lease that protects his new cash flow stream as a return on his investment.

Number of Single Spaced Pages: 43

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LA 207 Pro-Landlord NNN Multi-Tenant Office And Distribution Lease With Right Of First Offer, Fair Market Renewal Options, And Right Of First Negotiation For New Space

This lease is for a tenant leasing a substantial amount of space in a building to use for office and distribution purposes. The lease is extremely comprehensive and is pro-landlord in tone.

It gives the tenant a right of first offer, fair market rental renewal options and a right to negotiate for new space in the complex which may be added in the future by the landlord.

Number of Single Spaced Pages: 81

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LA 1409 Triple Net Build To Suit Lease With Annual Stepped Up Rent Based On Total Construction Costs And Warrants Payable To Landlord As Additional Rent

The following triple net lease form is designed for a single tenant build to suit transaction, where the landlord builds the entire premises for the tenant.

The rent payable by the tenant is pegged to the total construction cost of the project, and it is then stepped up annually on a percentage basis. The landlord also receives warrants from the tenant as additional rent.

Number of Single Spaced Pages: 46

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LA 1695 NNN Lease For Single Tenant Research & Development Lease With Extensive Pro-Tenant Modifications

This agreement is for a transaction where a well represented tenant leases an entire building for research and development uses. The tenant has negotiated pro-tenant modifications to nearly every section of the lease, which started out as a pro-landlord form.

All one need do to spot the pro-tenant provisions is look for the words "notwithstanding the foregoing..." Exhibits included: Tenant Improvement Specifications.

Number of Single Spaced Pages: 36

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LA 1505 Short Form Pro-Tenant "As-Is" Net Manufacturing Lease For Entire Building

This lease is for a net lease to a manufacturing tenant who leases the entire premises (single tenant facility). The tenant takes the premises on an as-is basis, and is responsible for any needed tenant improvements.

The form is quite short and to the point, without the elaborate provisions often present in industrial single tenant leases.

Number of Single Spaced Pages: 7

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LA 881 Lease For Surgical Center And Clinic

This agreement is designed to lease a facility to a professional group of physicians who will operate the premises as a surgical center and clinic.

The lease requires the tenant doctors to subordinate the revenues from their practices to their leasehold obligations.

Number of Single Spaced Pages: 60

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LA 1201 Net Lease Of Entire Medical Office Building To Single Tenant

This agreement is designed to lease a medical office building facility to a single tenant for its operation as a medical center.

The lease is net in character, and grants the tenant five renewal options at fair market rentals for the premises.

Number of Single Spaced Pages: 45

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