What is a Full-Service Lease Rate? What does it mean and what does it include?

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.

What is a Mod Gross Lease rate? What does it mean and what does it include?

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.

economy - LevRose

Economic diversification drives Phoenix metro economy

1 Comment / News / By LevRose Commercial Real Estate

Economic recovery is well underway. Employment in Phoenix metro is 75% recovered, with some industries surpassing pre-pandemic highs. Optimistic expectations from the Greater Phoenix Economic Council place full employment recovery in the third quarter of 2021. Employment is picking up faster than expected, with labor shortages being the largest hurdle to reaching pre-pandemic employment. …

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Here’s Why Arizona’s Economy Will Bounce Back Faster than Nation

Leave a Comment / Blog, News / By LevRose Commercial Real Estate

While sectors of Arizona’s economy have suffered financial losses during the pandemic, the state is faring better than much of the nation, according to a leading economist. If Arizonans can stay masked, socially distanced and sanitized, it has a good chance for full recovery as soon as mid 2021, said the state’s heavyweight economic forecaster, …

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Federal Coronavirus Relief Efforts Near $5.6 Trillion. Here’s How It Adds Up

3 Comments / News / By LevRose Commercial Real Estate

The outlay from the federal government and Federal Reserve to counter the U.S. economic shock from the coronavirus pandemic is approaching $5.6 trillion in loan and cash assistance to hundreds of millions of American citizens and businesses. Moreover, the amounts are likely to swell as efforts to contain the spread of the virus continue for …

Federal Coronavirus Relief Efforts Near $5.6 Trillion. Here’s How It Adds Up Read More »

economy

Economic diversification drives Phoenix metro economy

Here’s Why Arizona’s Economy Will Bounce Back Faster than Nation

Federal Coronavirus Relief Efforts Near $5.6 Trillion. Here’s How It Adds Up

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