Terms You Should Understand When Planning To Acquire Rental Commercial Office Space

Gross lease is a contract wherein a landlord covers all costs and expenses that are associated with ownership. This can include the outlay related to taxes, maintenance, and utility bills.A triple net lease, otherwise known as an NNN lease, is an contract in which the lessee agrees to be responsible for a fixed rental charge as well as specific expenses relating to the oversight of the space such as maintenance costs.

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