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What is a modified net lease?
The modified net lease is a compromise among the gross lease and the triple net. The landlord and tenant usually set up a divide of maintenance expenses, while the tenant agrees to pay taxes and insurance.
What does real estate lease type mg mean?
Modified Gross. Means the Landlord is paying all or some of the taxes, utilities, insurance and/or maintenance
What is the business city of industry known for?
The city of Industry is known for its industrial development. They pride themselves on having a strong employment base and available land for industries to purchase or lease.
What is the website Commercial Real Estate all about?
The website Commercial Real Estate is about finding Commercial Real Estate for sale and lease. You can also find Office Space and Industrial Properties and Businesses for sale.
What is the difference between lease and sublease?
A lease is were you are renting of the owner itself, a sub lease is were you would be renting a part of what somebody else already has.
What commercial lease is not commonly used Triple net lease Gross lease Net lease double gross lease double net lease?
Rent based on a percentage rent.
Who pays tenant utilities on a full service gross lease?
Full Service Lease - Landlord pays all Gross Lease - tenant pays electricity if it is individually metered. Landlord pays all other expenses.
What is difference between NNN lease and gross lease?
In a NNN lease the tenant (person leasing the property) is liable for the taxes, insurance, and CAM (Common Area Maintenance) expenses. In a Gross Lease, the tenant pays a fixed amount of rent to the Landlord and has no other expenses to pay.
What is a gross lease?
A property lease in which tenants just pay rent. Landlord agrees to pay all expenses normally associated with ownership, such as taxes, insurance, & maintenance.
Commercial property lease types?
There are 3 kinds of commercial lease:Net Lease, which means the Tenant pays rent as well as additional expenses associated with the property.Gross Lease with which all expenses will be borne by the landlord except the base rent.Modified Gross Lease is the combination of the above two.
What is a modified net lease?
The modified net lease is a compromise among the gross lease and the triple net. The landlord and tenant usually set up a divide of maintenance expenses, while the tenant agrees to pay taxes and insurance.
Are laboratory ovens available for lease?
Sometimes they are. you can check with industrial or medical supply companies.
Where can I download lease management software?
Free quotes and demos of tenant and lease management software for residential, commercial, industrial, retail and condominium property management firms.
Where can I find a space for lease?
Loopnet.com is your best bet for finding buildings in your area. They allow you to search for buildings that are for sale or for lease, and also different types of buildings such as industrial, hospitals, retail, and more.
What are some commercial leases?
Commercial leases may be a gross lease, where a single sum is paid to the landlord for all leasing costs or a net lease where you will be responsible for seperate payments to cover extras such as common area maintainence
If you are leasing a location do you pay taxes?
Presuming you mean Property Taxes. Depends on the lease. If you have what is called a "gross lease", you pay only the stated rent, and all costs of the proerty, (taxes, insurance, maintenance, etc) are on the landlord. However most commercial and virtually all retail leases have some form of Net or triple Net lease...where the tennant pays for any or all of the costs as above, and maybe more, as specified. In reality, there is no free lunch...if you have a gross lease the costs of those things are included anyway, probably with a profit margin built in.
If a sales Rep get a customer approved to lease a car Does this sales Rep still get commission?
Yes a lease is still a commisionable transaction. Most car salesman are 10-30% paid on the gross profit of the vehicle which is anywhere from 100-4000$
