Not all commercial leases work the same way. Here’s a simple breakdown of Gross, Modified Gross, and NNN—so you understand what you’re actually paying. | Marlhy Patino Realty
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Not all commercial leases work the same way. Here’s a simple breakdown of Gross, Modified Gross, and NNN—so you understand what you’re actually paying. | Marlhy Patino Realty
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Understanding Modified Gross Leases: Definition, Benefits, and Calculations
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Not all commercial leases are created equal. Choosing the right lease type can save your business thousands and avoid unexpected costs. Here's a quick breakdown: • Gross Lease: You pay a fixed rent, and the landlord covers most expenses. • Net Lease: You pay base rent plus some operating costs—like taxes or insurance. • Modified Gross Lease: A mix—some expenses included, some you cover. • Percentage Lease: Rent based on your sales, common in retail. Understanding these can give you the confidenc
0:22
Not all commercial leases are created equal. Choosing the right lease type can save your business thousands and avoid unexpected costs. Here's a quick breakdown: • Gross Lease: You pay a fixed rent, and the landlord covers most expenses. • Net Lease: You pay base rent plus some operating costs—like taxes or insurance. • Modified Gross Lease: A mix—some expenses included, some you cover. • Percentage Lease: Rent based on your sales, common in retail. Understanding these can give you the confidenc
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