Hawaii Commercial Lease Agreement
The Hawaii commercial lease agreement is designed for property owners who are looking to lease their property to a successful retail, office, or industrial business. Before the lease goes into effect, the property owner will want to review the business owner by asking the business owner to complete a rental application. The rental application will give the property owner access to the applying tenant’s criminal, employment, rental, and credit information, so the property owner can make a wise decision upon accepting the tenant into the property.
There are typically three different ways a landlord may setup the document: Gross, Modified Gross, or Triple Net (NNN). For the Gross type of lease agreement, the majority (if not all) of the costs for the property are paid by the landlord, requiring the business owner to only pay a monthly rent. For the Modified Gross type, the property costs are split up between the property owner and business owner. The exact costs are decided when signing the lease agreement. For the Triple Net (NNN) type of lease agreement, all of the costs related to the property are in full by the business owner, including a monthly rent.