As you look around for commercial lease space, you will come across plenty of terms that may sound complicated. However, this article will help you understand some standard terms that will help guide your decision. One of the more common commercial land for lease terms is the Triple Net Lease. With this lease, you incur all property-related expenses while your landlord handles the maintenance of structural components.
For the Absolute Triple Net lease, the tenant is also responsible for the base rent and the structural component. You might have heard of a Full-Service Gross lease which requires the landlord to incur all expenses related to the property while the tenant pays a higher than ordinary base rent. Landlords will charge high base rent rates to cover all possible damage repair costs.
Next is the Modified Gross lease, which demands base rent plus operating expenses. Use this lease to make use of unused space in your business and get a little profit from the same lease. This lease is made possible through the provisions in the sublease clause, which is independent of the lease between tenant and landlord.