Scottsdale, Arizona — The developers of SkySong, The ASU Scottsdale Innovation Center have filed for design approval with the City of Scottsdale for SkySong 6, which will be the largest building in the project. SkySong 6 will be the next building to be constructed at SkySong, with construction now scheduled to begin in May 2020. …
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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