Real Estate Forms
Both the Long Form and Short Form Leases have been replaced with the following lease agreements below. This change will detail the effect of HB 1395 / CRS 39-3-124 on the rent in Article 1. The Short Form lease has been replaced with the Gross Lease Form. (Under a Gross Lease the landlord is responsible for ALL operating expenses for the property, no operating expenses are detailed). The Long Form lease has been split into two categories. One is a Base Year Lease (Tenant only responsible for expenses OVER the “Base Year” of the lease). Second is a Triple Net Lease (NNN) (which has two components, “Base” rent and “Operating Expenses” (NNN Rent)).
Common Area Maintenance Reconciliation