Get the right contract for your company’s best Tucson commercial property for lease.
A wide range of contracts covering commercial property for lease exist. For instance, a Tucson office lease downtown and a retail lease in a shopping center in Oro Valley, Sahuarita or Marana will be considerably different.
Knowing what type of lease you need helps you focus on the important issues. From a broad perspective, here are a few common types of leases.
Gross lease. The tenant pays a set amount of rent. The landlord is responsible for payment of taxes, insurance and other costs associated with owning the property.
Net lease. The tenant pays the rent plus a portion of the maintenance fees, insurance premiums and other operating expenses.
Triple-net lease. For a freestanding facility, the tenant typically pays for all fees and operating expenses associated with the space.
Shopping center lease. The tenant pays a base rate in conjunction with the square footage of the retail facility. There possibly are additional costs, including
- some common charges
- a certain percentage of the gross sales
- part of the property taxes.
A shopping mall lease will often include terms about signage, hours of operations, common areas and deliveries. The landlord may also have the right to relocate the tenant.
Land or ground lease. The tenant leases the grounds and builds on the property. All improvements on the property and buildings revert to the landowner at the end of the lease period.
There are numerous variations on common contracts governing Tucson commercial property for lease. For example, a lease may cover both office and warehouse space in one facility with separate rental amounts and separate options.
No two leases are the same. Commercial real estate negotiations help you focus a lease that will be good for you and the landlord.