Illinois Commercial Triple Net Lease Agreement

IL business landlords, lease office, retail or shopping center premises to a tenant with this Illinois Commercial Triple Net Lease Agreement.

• The lease is a triple net lease. The tenant must pay for everything to do with the premises including improvements, maintenance and repairs (including structural repairs).
• The lease contains a renewal option for one additional term.
• The tenant will pay all expenses, taxes, and levies charged to the premises, except for the landlord's income taxes.
• The tenant is responsible for carrying fire and extended coverage insurance.
• Provisions for abatement of rent or termination of the lease in the event that the building is damaged, destroyed or condemned.
• The tenant accepts the lease subordinate to any charge or lien filed against the title.

This Illinois Commercial Triple Net Lease Agreement template is available in MS Word format, and is fully editable to fit your needs.