A gross lease is a type of commercial lease in which the tenant pays a flat rental fee. The rent paid is inclusive of all operating expenses such as taxes, insurance, common area maintenance charges, janitorial services, and utilities…. which are paid for by the landlord. Not all commercial properties are managed the same way so be sure to ask all the right questions to be sure of what rent and operating expenses you are responsible for……….and get everything in writing! Benefits of a Full Service Gross Lease
Disadvantages of a Gross Lease
Definition of Gross LeaseAbove we have defined the basics of a gross lease in a commercial real estate transaction. Depending on the market, type of space, and landlord commercial properties are managed differently. When negotiating a commercial lease be sure to ask if janitorial and utilities are included. Also confirm if it’s a true gross lease or one that incorporates a “base year”. via Tumblr What is a Gross Lease in Commercial Real Estate?
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AuthorThe experienced commercial realtors at Austin Tenant Advisors specialize in representing the best interests of buyers and tenants in the Search, Selection, Negotiation, and Occupancy of Office, Retail, Industrial & Warehouse Space for lease, rent, or sale in and around Travis, Williamson, Hays, Bastrop, & Burnet Counties, which are the 5 largest counties in Central Texas. We serve the surrounding cities such as Pflugerville, Round Rock, Georgetown, Leander, Cedar Park, Lakeway, Bee Cave, Sunset Valley, Dripping Springs, Buda, Kyle, San Marcos, Burnet, Marble Falls, and more. Archives
November 2020
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