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

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

An office lease agreement drafted in favor of the landlord for use in a multi-tenant office building in Illinois. In this Standard Document, the tenant pays a fixed rent and the landlord pays all operating expenses, property taxes, and other charges for the building. A lease with this type of payment arrangement is sometimes called a gross 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 Gross Lease) (Pro-Landlord Short Form) (IL)

Practical Law Standard Document w-004-8240 (Approx. 88 pages)

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

by Practical Law Real Estate
MaintainedIllinois
An office lease agreement drafted in favor of the landlord for use in a multi-tenant office building in Illinois. In this Standard Document, the tenant pays a fixed rent and the landlord pays all operating expenses, property taxes, and other charges for the building. A lease with this type of payment arrangement is sometimes called a gross lease. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.