From 57d578fac299a5b378a7d7dbad93e55c19dcc7e9 Mon Sep 17 00:00:00 2001 From: gabrielebroadh Date: Sun, 9 Nov 2025 21:16:22 +0800 Subject: [PATCH] Add 'AI Review for Triple Net Office Lease Agreements' --- ...eview-for-Triple-Net-Office-Lease-Agreements.md | 25 ++++++++++++++++++++++ 1 file changed, 25 insertions(+) create mode 100644 AI-Review-for-Triple-Net-Office-Lease-Agreements.md diff --git a/AI-Review-for-Triple-Net-Office-Lease-Agreements.md b/AI-Review-for-Triple-Net-Office-Lease-Agreements.md new file mode 100644 index 0000000..675f8ee --- /dev/null +++ b/AI-Review-for-Triple-Net-Office-Lease-Agreements.md @@ -0,0 +1,25 @@ +
To give you a sense for the advantages of leveraging ai contract software trained by legal representatives, we've picked some sample language our software provides to customers during an evaluation. Keep in mind that these are static in this introduction, but dynamic in our software - meaning our AI determines the key issues and proactively surface areas alerts based upon significance level and position (company, 3rd party, or neutral) and provides recommended revisions that simulate the design of the agreement and align with party names and defined terms.
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These samples [represent](https://novatorentals.com) a little sample of the pre-built, pre-trained Legal AI Contract Review option for Triple Net Office Lease Agreements. If you 'd like to see more, we welcome you to book a demo.
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Alert: May be missing a post specifying that the lease is considered a triple net lease.
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Guidance: It is essential to compare gross leases and net leases, as they identify the monetary responsibilities of the lessor and lessee. A net lease implies that the lessee covers energies, taxes, maintenance, and insurance [expenses](https://owndom.com) in connection with the ownership, upkeep, and operation of the leased properties.
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This distinction is crucial as it clarifies the obligations of both parties under the lease agreement, assisting to prevent conflicts and misunderstandings due to uncertain expense allocation. For circumstances, a small business owner renting office space would benefit from knowing their monetary duties, enabling more precise budgeting.
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While there may not be specific statutes or laws governing gross and net leases, general agreement law principles and state-specific landlord-tenant laws should be considered when preparing and working out lease contracts.
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TRIPLE NET LEASE
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The [Parties acknowledge](https://whitestarre.com) and concur that, except as otherwise specifically [offered](https://www.incredge.com) herein, LESSOR will not be accountable for the costs of utilities, real estate taxes, operating expenses, or insurance expenses in connection with the ownership, maintenance, and operation of the . In addition to Base Rent, LESSEE shall pay to the parties respectively [entitled](https://freerealestateclassifieds.com) thereto all Additional Rent commitments and liabilities that occur with regard to the Leased Premises throughout its Term.
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For: Lessor
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Alert: May be missing out on a short article relating to additional rent.
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Guidance: Consider including a short article stipulating that in addition to the base lease, lessee shall pay to lessor all amounts and charges payable under the lease.
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ADDITIONAL RENT
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In addition to the Base Rent, LESSEE shall pay to LESSOR all amounts and charges payable by LESSEE under this Lease, whether or not pondered, including, without constraint: LESSEE's Proportionate Share of the overall Business expenses, Real Residential Or Commercial Property Taxes, and Insurance Costs, a management fee in an amount equivalent to [● ●] percent ([ ● ●] %) of the then-applicable month-to-month Base Rent ("Management Fee"), and any other quantities that LESSEE is obliged to pay LESSOR per this Lease (jointly, "Additional Rent").
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As utilized herein, "LESSEE's Proportionate Share" means [● ●] percent ([ ● ●] %) of the overall Operating Expenses, Real Residential Or Commercial Property Taxes, and [Insurance Costs](https://alranimproperties.com) for the Building and Land, based on the ratio of the square video of the Leased Premises to the rentable square video of the Building on the date of this Lease. Any change to the Leased Premises' or the Building's rentable square footage measurements will be reflected in an adjustment to LESSEE's Base Rent or Proportionate Share.
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Additional Rent will begin to accrue on the [Commencement](https://silverstag-properties.co.uk) Date and is payable beforehand, on a monthly basis (along with Base Rent), in an amount stated in an Estimate (as defined in this Lease) supplied by LESSOR, however subject to change after completion of the year on the basis of the actual amount of Additional Rent owing for such year.
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For: Both
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Alert: May be missing out on a post making the lessee responsible for their proportional share of all real residential or commercial property taxes throughout the lease term.
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Guidance: The suggestion to assign the monetary obligation genuine residential or [commercial property](https://shofle.com) taxes to the lessee in an Office Lease Agreement is a useful approach to clarify monetary responsibilities. This arrangement normally needs the lessee to pay a proportional share of the residential or commercial property taxes, calculated based upon the percentage of the residential or commercial property they inhabit or utilize.
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This arrangement is particularly essential in preventing obscurity or disagreements over who is accountable for paying residential or commercial property taxes, which might result in legal conflicts or financial difficulty. For circumstances, if a company leases a flooring in an office building, the lease agreement may specify that business is accountable for paying an in proportion share of the residential or commercial property taxes, computed based upon the square video of the leased space compared to the total square video of the structure.
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It is important to consider regional and state residential or commercial property tax laws, which can differ extensively, and the Internal Revenue Code, which may have arrangements connected to the deductibility of residential or [commercial property](https://hyderabadproperty.rent) taxes for organizations. Both celebrations need to seek advice from with a tax expert to understand the prospective tax implications of this provision.
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Additionally, the concept of ""tax escalation stipulations"" should be considered. These provisions enable the property owner to hand down increases in residential or commercial property taxes to the occupant. However, their enforceability and application can differ by jurisdiction. For instance, in [California](https://cvimmo.lu) and New york city, tax escalation stipulations are usually enforceable if they are clear and explicit, however the proprietor should supply the tenant with a copy of the tax costs or other important info. In some jurisdictions, there might be statutory protections for small [company occupants](https://inpattaya.net) that limit the capability of property managers to pass on tax boosts. Therefore, while the concept of handing down residential or commercial property tax liability to the lessee is generally accepted, its application can be based on particular guidelines and exceptions depending on the jurisdiction.
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Sample Language:
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RESIDENTIAL OR COMMERCIAL PROPERTY TAXES
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1. Real Residential Or Commercial Property Taxes. LESSEE shall be accountable for its Proportionate Share of all general and special genuine residential or commercial property taxes, evaluations (consisting of, without restriction, change in ownership taxes or evaluations), liens, bond obligations, license charges or taxes levied or assessed by any lawful authority against the Leased Premises appropriate to Regard to this Lease ("Real Residential Or Commercial Property Taxes"). All Real Residential Or Commercial Property Taxes for the tax year in which the Commencement Date happens and for the tax year in which this Lease terminates shall be apportioned and changed so that LESSEE will not be accountable for any Real Residential Or Commercial Property Taxes beyond the Term of this Lease. Real Residential or commercial property Taxes shall be paid monthly ahead of time as part of LESSEE's Monthly [Additional](https://mudate.com.co) Rent, as estimated by LESSOR based on the most recent tax expenses beginning with the month (or partial month on a prorated basis if such holds true) that the Commencement Date takes place.
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2. Personal Residential Or Commercial Property Taxes. LESSEE will be responsible for all taxes imposed or assessed against personal residential or commercial property or components owned or positioned by LESSEE in the Leased Premises (jointly, "Personal Residential Or Commercial Property Taxes"), except to the degree such taxes are imposed or examined on such residential or commercial property after it ends up being the residential or commercial property of LESSOR. If any such Personal Residential or [commercial property](https://findcheapland.com) Taxes are imposed or [evaluated](https://dejavurealestate.com) against LESSOR or if the evaluated worth of LESSOR's residential or commercial property is increased by inclusion of individual residential or commercial property or components put by LESSEE in the Leased Premises, and LESSOR chooses to pay such taxes, LESSEE shall pay to LESSOR upon demand that part of such taxes for which LESSEE is mostly liable hereunder.
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