Different types of office space leases - Gross versus Triple Net
COMMERCIAL LEASES WHICH RENTER EXPENSES ARE INCLUDED IN EACH? GROSS LEASE MODIFIED GROSS TRIPLE NET MAINTENANCE UTILITIES Y GROUNDSKEEPING JANITORIAL IT PROPERTY TAXES (S INSURANCE O Different amenities are included in each lease type UNDERSTANDING HOW TO BUDGET FOR EACH LEASE TYPE Gross leases are "fully serviced," meaning the rental price you are quoted already includes all of the additional expenses (listed above) that come with renting commercial real estate. 65% 100% Triple Net Leases do not include expenses such as maintenance or utilities. The rent quoted is for the space (about 65% of the total), and tenants are expected to pay additional expenses (35%) separately. Don't be intimidated by the different lease types and the costs that are associated with renting space. Learn how to differentiate each and ensure you're staying within your budget. Let one of our space advisors help get the spacce your business deserves www.thesquarefoot.com J thesquarefoot
Different types of office space leases - Gross versus Triple Net
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