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Ever wonder what a triple net lease is? Why are there two lease rates? How much a month do I pay? Continue reading ...
This post is planned to clarify the world of commercial leasing for people who do not have very much experience in this location. It may even expose a number of points unknown to veterans too. It's a long post and I have actually attempted to break it up into the crucial areas.
To start off, leases can take different forms of what the property manager is able to charge for rental quantities. The stance taken is constantly from the property manager's point of view and how the lease collected is applied. Where rents vary is how the Operating expense that a property manager sustains over the tenancy are treated. This is what makes it a Gross Lease or a Net Lease.
Before I enter what makes it a Gross Lease or a Net Lease, the very first thing that needs to be defined and understood are operating expenses. Operating Costs are the non-capital, money costs a user occurs while operating the residential or commercial property. This can be the property manager or the renter. The most typical operating expenses, by definition, are residential or commercial property taxes
This will delete the page "Commercial Leasing 101"
. Please be certain.