A gross lease in real estate is a commercial lease where the tenant pays fixed rent while the landlord covers most property operating expenses, including taxes, insurance, utilities, and maintenance.
Aviva is the Managing Broker of Sonenreich & Co, a third-generation commercial real estate broker, owner and investor in Denver, Colorado. Commercial leases are intimidating. What's an NNN? How about ...
Operating expenses (“OpEx”) and common area maintenance fees (“CAM”) are two important items in any commercial lease, but they are often overlooked after the decision is made on how to split up these ...
In triple net office leases, tenants are required to reimburse landlords for a portion of the building’s overall operating expenses. These expenses cover the costs of operating and maintaining a ...
Property tax Building insurance Maintenance and operating costs. Additional rent commonly varies annually, unless otherwise stated in your lease. It’s important not to rely solely on the title of the ...
So you have found the perfect place for your business and it is time to negotiate the lease. Aside from the basics such as term and rent, what should a tenant (lessee) be looking at in their ...
Learn how single net leases transfer property tax responsibilities to tenants, reducing landlords' burdens while offering a less common commercial lease option.
Is our rain over with for the season? My guess is we’ll see one more soaking in May, and then possibly during the monsoonal desert period in July and August. But what a wet one we experienced this ...
So you have found the perfect place for your business and it is time to negotiate the lease. Aside from the basics such as term and rent, what should a tenant (Lessee) be looking at in their ...