The Idaho commercial lease agreement is a contract between an owner of retail, industrial, or office space with the intentions of renting the property to a business entity or individual. The average lease term is three (3) to five (5) years so it is advised that the landlord check the entity’s credit report with an application and verify it’s Certificate of Status through the Secretary of State’s office.
The lease agreement may be modified in three (3) different ways;
Triple Net (NNN)
The tenant pays a specified monthly amount in addition to all of the property expenses including the real property taxes, insurance, and common area maintenance (CAM’s).
The tenant pays a specified monthly amount in addition to part of the property expenses.
The tenant pays a specified monthly amount to the landlord. All property expenses are covered by the landlord.