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Colorado Lease Agreement: What Is It?

Colorado lease agreements may be written as a gross lease, base year lease, or a triple net lease. Under a gross lease, the landlord is legally responsible for the operating expenses of the property while the tenant pays the rent. A base year lease means the tenant is responsible for the operating expenses after the first year along with paying the rent. A triple net lease makes both the base rent and the operating expenses the obligations of the tenant.

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