Industrial Lease Agreement
Lease contract for warehouses, factories, or manufacturing plants.
Detailed Explanation
An Industrial Lease Agreement is a contract between a landlord and a tenant for the rental of property used for industrial purposes, such as manufacturing, storage, or distribution. These leases often include specific clauses regarding environmental regulations, heavy machinery use, waste disposal, and utility capacity. They are typically triple net leases where the tenant pays for taxes, insurance, and maintenance.