The Georgia commercial lease agreement is between a property owner with retail, office, or industrial space and looking to let a business entity occupy the space for monthly payments. The landlord will usually seek a rental application and check the Secretary of State to see the entity’s status to make sure it is in good standing.
The commercial lease agreement is usually broken down into three (3) different types depending on the which party decides to pay for the expenses related to the property including; Real Estate Taxes, Common Area Maintenance (CAM’s), and Insurance.
3 Types of Commercial Agreements
Triple Net (NNN)
Tenant pays for all expenses.
Tenant and Landlord share the expenses.
Landlord pays for all expenses.
Georgia Commercial Lease Laws – Title 11 > Article 2A