Office Lease Agreement (Multi-Tenant Net Lease) (Pro-Landlord Short Form) (IL) | Practical Law

Office Lease Agreement (Multi-Tenant Net Lease) (Pro-Landlord Short Form) (IL) | Practical Law

A short form lease agreement drafted in the landlord's favor for use in a multi-tenant office building in Illinois. In this Standard Document, the tenant pays its proportionate share of real estate taxes, operating expenses, and other charges in addition to base rent. A lease with this type of payment arrangement is sometimes called a net or a triple net lease. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.

Office Lease Agreement (Multi-Tenant Net Lease) (Pro-Landlord Short Form) (IL)

Practical Law Standard Document w-013-7630 (Approx. 100 pages)

Office Lease Agreement (Multi-Tenant Net Lease) (Pro-Landlord Short Form) (IL)

by Practical Law Real Estate
MaintainedIllinois
A short form lease agreement drafted in the landlord's favor for use in a multi-tenant office building in Illinois. In this Standard Document, the tenant pays its proportionate share of real estate taxes, operating expenses, and other charges in addition to base rent. A lease with this type of payment arrangement is sometimes called a net or a triple net lease. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.