Home > Legal > Legal > Rent and Lease Template > Washington Rent and Lease Template > Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Template

Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form

At Speedy Template, You can download Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form . There are a few ways to find the forms or templates you need. You can choose forms in your state, use search feature to find the related forms. At the end of each page, there is "Download" button for the forms you are looking form if the forms don't display properly on the page, the Word or Excel or PDF files should give you a better reivew of the page.

Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form Page 3
Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form
© Commercial Brokers Association
Association 2011
ALL RIGHTS RESERVED
CBA Form MT-NNN
Multi-Tenant NNN Lease
Rev. 3/2011
Page 3 of 25
LEASE AGREEMENT
(Multi-Tenant Triple Net (NNN) Lease)
(Continued)
3. TERM
. The term of this Lease shall commence on the Commencement Date specified in Section 1, or on
such earlier or later date as may be specified by notice delivered by Landlord to Tenant advising Tenant that
the Premises are ready for possession and specifying the Commencement Date, which shall not be less than
days (thirty (30) days if not filled in) following the date of such notice.
a. Early Possession.
If Landlord permits Tenant to possess and occupy the Premises prior to the
Commencement Date specified in Section 1, then such early occupancy shall not advance the
Commencement Date or the Termination Date set forth in Section 1, but otherwise all terms and
conditions of this Lease shall nevertheless apply during the period of early occupancy before the
Commencement Date.
b. Delayed Possession.
Landlord shall act diligently to make the Premises available to Tenant; provided,
however, neither Landlord nor any agent or employee of Landlord shall be liable for any damage or loss
due to Landlord's inability or failure to deliver possession of the Premises to Tenant as provided in this
Lease. If possession is delayed, the Commencement Date set forth in Section 1 shall also be delayed.
In addition, the Termination Date set forth in Section 1 shall be modified so that the length of the Lease
term remains the same. If Landlord does not deliver possession of the Premises to Tenant within
days (sixty (60) days if not filled in) after the Commencement Date specified in Section 1, Tenant may
elect to cancel this Lease by giving written notice to Landlord within ten (10) days after such time period
ends. If Tenant gives such notice of cancellation, the Lease shall be cancelled, all prepaid rent and
security deposits shall be refunded to Tenant, and neither Landlord nor Tenant shall have any further
obligations to the other. The first “Lease year” shall commence on the Commencement Date and shall
end on the date which is twelve (12) months from the end of the month in which the Commencement
Date occurs. Each successive Lease year during the initial term and any extension terms shall be twelve
(12) months, commencing on the first day following the end of the preceding Lease year. To the extent
that the tenant improvements are not completed in time for the Tenant to occupy or take possession of
the Premises on the Commencement Date due to the failure of Tenant to fulfill any of its obligations under
this Lease, the Lease shall nevertheless commence on the Commencement Date set forth in Section 1.
4. RENT
.
a. Payment
of
Rent.
Tenant
shall
pay
Landlord
without
notice,
demand,
deduction
or
offset,
in
lawful
money of the United States, the monthly Base Rent stated in Section 1 in advance on or before the first
day
of
each
month
during
the
Lease
term
beginning
on
(check
one): the Commencement Date, or
( if no date specified, then on the Commencement Date), and shall also
pay any other additional payments due to Landlord (“Additional Rent”), including Operating Costs
(collectively the “Rent”) when required under this Lease. Payments for any partial month at the beginning
or end of the Lease shall be prorated. All payments due to Landlord under this Lease, including late fees
and interest, shall also constitute Additional Rent, and upon failure of Tenant to pay any such costs,
charges or expenses, Landlord shall have the same rights and remedies as otherwise provided in this
Lease for the failure of Tenant to pay rent.
b. Triple Net Lease.
This Lease is what is commonly called a “Net, Net, Net” or “triple-net” Lease, which
means that, except as otherwise expressly provided herein, Landlord shall receive all Base Rent free and
clear of any and all other impositions, taxes, liens, charges or expenses of any nature whatsoever in
connection with the ownership and operation of the Premises. In addition to Base Rent, Tenant shall pay
to the parties respectively entitled thereto, or satisfy directly, all Additional Rent and other impositions,
insurance premiums, repair and maintenance charges, and any other charges, costs, obligations,
liabilities, requirements, and expenses, including without limitation the Operating Costs described in
Section 8, which arise with regard to the Premises or may be contemplated under any other provision of
the Lease during its term, except for costs and expenses expressly made the obligation of Landlord in this
Lease.
Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form
Previous

3/25

Next