Let’s Talk Leases!
Tenants and landlords often focus on the base rent, but the lease terms are also very important!
This video breaks down the difference between an absolute gross lease and a net lease and why most leases are somewhere between the two extremes.
An absolute gross lease is when the landlord pays for absolutely everything (taxes, insurance, all maintenance, repairs etc).
An absolute net lease is when the tenant pays for every single expense related to the property.
Most leases are somewhere in the middle. A common type of commercial lease is NNN where the tenant pays for taxes, insurance, and common area maintenance.
Negotiating these terms can mean thousands of dollars in the pocket of either the tenant or the landlord.
If you’d like to discuss an upcoming leasing requirement, let’s connect!
Emma McDaniel
864-576-4660, office
emma@mcdanielandco.com
