What are the Different Types of Commercial Leases?
There are several types of commercial leases that tenants may encounter:
Gross Lease: The tenant pays a fixed rent, and the landlord covers most expenses such as property taxes, insurance, and maintenance. Net Lease: The tenant pays a base rent plus a portion of property expenses. Variations include single net, double net, and triple net leases. Percentage Lease: The tenant pays a base rent plus a percentage of their business's gross revenue. Modified Gross Lease: A hybrid between a gross and net lease where both tenant and landlord share some expenses.