Form-of-the-Week: Commercial Lease Agreements — Net variety — Forms 552-2 and 552-3

by Amy Platero

A landlord, tenant, leasing agent or property manager uses a Commercial Lease Agreement of the net variety for a single-user tenant to document the terms of the tenancy negotiated when the payment of most or all property operating expenses including property taxes, insurance and maintenance incurred during the tenancy is shifted to the tenant.