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In commercial real estate, there is often confusion regarding the differences between a Gross and a Net Lease, along with their variations. Before diving in, it’s important to understand that tenants will ultimately pay for just about everything. Net leases break down the details into Base Rent plus Operating Expenses…
A Triple Net (NNN) lease is a popular type of commercial real estate lease agreement where the tenant is responsible for paying the base rental amount each month to the landlord. In addition to the base rent, the tenant also reimburses the landlord monthly for their pro-rata share of certain estimated…
Overview Committing to a lease for 3, 5, 7, or 10 years is a monumental consideration for a business. Remember what you are committing to - rent and expenses for the overall lease period. Whether moving into the first property for your business or moving from one location to another…
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