Commercial Lease in a mixed use building

[Tyler Puzio]

I recently purchased a mixed use building with a partner; the commercial space is on the smaller side but I have interest from an individual who would like to open up a salon. Any suggestions on the type of lease I should use or any verbiage that should be mentioned within the agreement? I'd like to keep the tenant responsible for general upkeep of the space. From what I've read, a gross lease seems like the best option. 

Any input is appreciated. Thanks.

[Nathan Gesner]

Quote from @Tyler Puzio:

I recently purchased a mixed use building with a partner; the commercial space is on the smaller side but I have interest from an individual who would like to open up a salon. Any suggestions on the type of lease I should use or any verbiage that should be mentioned within the agreement? I'd like to keep the tenant responsible for general upkeep of the space. From what I've read, a gross lease seems like the best option. 

Any input is appreciated. Thanks.

A gross lease (or triple-net lease) is one that requires the Tenant to pay rent plus all costs associated with ownership. This means rent, utilities, taxes, insurance, and even maintenance. I've seen them written where the Tenant handles all maintenance except for the structure, which means they cover heating, plumbing, electrical, flooring, ceiling, doors, and windows. That's pretty rough.

Commercial leases are not as easy to find as residential. Consider using an attorney. They typically have one drawn up and will charge you for an hour of their time.