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


Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form
Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form
© Commercial Brokers Association
2011
ALL RIGHTS RESERVED
CBA Form MT-NNN
Multi-Tenant NNN Lease
Rev. 3/2011
Page 1 of 25
LEASE AGREEMENT
(Multi-Tenant Triple Net (NNN) Lease)
THIS LEASE AGREEMENT (the “Lease”) is entered into and effective as of (date),
between (“Landlord”),
and (Tenant”).
Landlord and Tenant agree as follows:
1. LEASE SUMMARY
.
a. Leased Premises
. The leased commercial real estate i) consists of an agreed area of
rentable square feet and is outlined on the floor plan attached as Exhibit A (the
“Premises”); ii) is located on the land legally described on attached Exhibit B; and iii) is commonly known
as
(suite number and address).
The Premises do not include, and Landlord reserves, the exterior walls and roof of the building in which
the Premises are located (the “Building”), the land beneath the Building, the pipes and ducts, conduits,
wires, fixtures, and equipment above the suspended ceiling; and the structural elements of the Building.
The Building, the land upon which it is situated, all other improvements located on such land, and all
common areas appurtenant to the Building are referred to as the “Property.” The Building and all other
buildings on the Property as of the date of this Lease consist of an agreed area of
rentable square feet.
b. Lease Commencement Date
. The term of this Lease shall be for a period of months and shall
commence on or such earlier or later date as provided in Section 3 (the
“Commencement Date”).
c. Lease Termination Date
. The term of this Lease shall terminate at midnight on
or such earlier or later date as provided in Section 3 (the “Termination Date”). Tenant shall have no right
or option to extend this Lease, unless otherwise set forth in a rider attached to this Lease (e.g., Option to
Extend Rider, CBA Form OR).
d. Base Rent
. The base monthly rent shall be (check one):
$ , or according to the
Rent Rider attached hereto (“Base Rent”). Rent shall be payable at Landlord's address shown in Section
1(h) below, or such other place designated in writing by Landlord.
e. Prepaid Rent
. Upon execution of this Lease, Tenant shall deliver to Landlord the sum of $
as prepaid rent, to be applied to the Rent due for months through
of the Lease.
f. Security Deposit
. Upon execution of this Lease, Tenant shall deliver to Landlord the sum of $
to be held as a security deposit pursuant to Section 5 below. The security deposit shall be in the form of
(check one): cash, or letter of credit according to the Letter of Credit Rider (CBA Form LCR)
attached hereto.
g. Permitted Use
. The Premises shall be used only for
and for no other purpose without the prior written consent of Landlord (the “Permitted Use”).
Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form
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