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.

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LevRose Commercial Real Estate Leases Space to Jersey Mike’s in Old Town Scottsdale

3 Comments / Levrose In The News, Recent Transactions / By LevRose Commercial Real Estate

Submarine Sandwich Chain Enters into Lease of 1,418 Square-Foot Restaurant Space on Scottsdale Road SCOTTSDALE, ARIZ. – LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage firm, announced recently that Jersey Mike’s leased a 1,418 square-foot space in Old Town Scottsdale at 4020 N. Scottsdale Road. LevRose Commercial Real Estate’s Danielle Davis represented the …

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LevRose Commercial Real Estate Leases Space to Jersey Mike’s in Old Town Scottsdale

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