Iowa Commercial Lease Agreement

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The Iowa Commercial Lease Agreement constitutes a foundation for a contract concerning the rental of commercial properties. In Iowa, commercial properties encompass business-oriented establishments such as retail outlets, hotels, apartments, offices, or warehouses. Typically, there are three primary types of commercial leases: Triple Net (NNN), Gross, and Modified Gross. The provided lease form can accommodate any of the three lease types.

Commercial Lease Types, Explained

  1. Triple Net (NNN) Lease: Tenants pay base rent and a share of property expenses like taxes, insurance, and maintenance.
  2. Gross Lease: Tenants pay a fixed rent, while landlords cover property expenses.
  3. Modified Gross Lease: Both parties negotiate and agree on which property expenses each will be responsible for.