The fixed rental amount is usually stated in terms of the monthly rent. It is common for the rental amount to be based upon an agreed sum per square feet of rental area. Most long-term leases usually require tenants to pay increases in the monthly rent. These rent increases are established to compensate the owner for rising costs such as property taxes, insurance, utilities and maintenance. When there are provisions in the lease for the tenant to pay these rent increases, the lease is referred to in the following manner.
Tenant pays property taxes and insurance.
Tenant pays property taxes, insurance and common area maintenance. Tenant pays property taxes, insurance, common area maintenance and utilities. Tenant pays only a fixed monthly rent with no additional payments. Although this is true we have provided an excellent means to allow the user to modify and personalize our Commercial Lease Form so it is applicable to their own situation. The user decides to add or reject each of these paragraphs to the completed form.