Office Lease Contract (Multi-Tenant Base Year Modified Gross Lease) (Landlord-friendly Simple)
About this template
The "Office Lease Contract (Multi-Tenant Base Year Modified Gross Lease) (Landlord-friendly Simple)" is a legal template designed for the leasing of office spaces within a multi-tenant building. This particular lease agreement follows the modified gross lease structure, providing a fair and transparent arrangement for both the landlord and tenants.
The template is landlord-friendly, meaning it primarily safeguards the interests of the property owner while still maintaining a reasonable level of fairness. It establishes the terms and conditions under which the office space is leased, clearly outlining the rights and obligations of both parties involved.
The lease agreement incorporates a base year calculation method, allowing for adjustable rent based on changes in operating expenses and taxes. This ensures that the tenant's rent remains consistent during the base year, and any subsequent adjustments are accounted for fairly.
The "Landlord-friendly Simple" aspect of the template implies that the agreement is drafted in a straightforward and easily comprehensible manner. The intention is to minimize complexity and potential disputes, making it suitable for landlords without extensive legal expertise or resources.
Overall, this legal template serves as a comprehensive and concise document that outlines the terms of an office lease agreement, aiming to establish a mutually beneficial relationship between the landlord and tenants within a multi-tenant building.