What is Commercial Real Estate? Commercial Real Estate is an industry that specifically focuses on business-related workspaces, as opposed to living spaces. These spaces are primarily used as a workplace or to create revenue flow for the owner of the property. Thus, it is also seen as a popular investment choice because it carries the …
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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