No matter what industry you are in, you’re most likely feeling the effects of the coronavirus pandemic. Real estate is no different. The uncertainty is making a lot of buyers think twice before signing on the dotted line for their new office, retail location, warehouse, etc. However, local commercial real estate firm LevRose is advising its …
Should Real Estate Buyers Move Forward During COVID-19? Read More »
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
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