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Oct 6, 2021 · In this glossary, you’ll find commercial real estate lease terms, commercial real estate loan terms, commercial real estate finance terms, and other important commercial real estate terms and definitions.
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- Incidental Expenses
- Common Area Maintenance
- Gross Rent Lease
- Modified Gross Lease
- Net Lease
- Double Net Lease
- Triple Net Lease
- Percentage Rent Lease
- Tenant Improvement Allowance
- Tenant Inducements
Your costs on top of base rent. These can include property tax, insurance, utilities, maintenance, common area costsand repairs.
An incidental expensein some commercial real estate leases. All tenants generally share common area costs. Examples include fees for snow removal, janitorial services, landscaping, grass cutting and property management.
A type of commercial real estate lease under which you pay a single amount to the landlord that covers base rent and all incidental expenses.
A type of a commercial real estate lease under which you and the landlord share certain incidental expenses.
A type of commercial real estate lease under which you typically pay for one incidental expense directly. In a single net lease, you usually pay the base rent plus property taxes (though in some cases, you might pay for insurance or utilities instead). The landlord pays all other expenses.
A type of commercial real estate lease under which you usually pay the base rent plus two incidentals—for example, property taxes and insurance. The landlord covers all other expenses.
A type of commercial real estate lease under which you typically pay the base rent, plus property taxes, building insurance and utilities, as well as other operating and maintenance costs. The landlord assumes no costs, other than those for structural repairs.
A type of commercial real estate lease under which you pay a base rent plus a percentage of gross sales over a certain minimum. These are usually used in malls and other multi-tenant retail locations.
A cash amount offered by a landlord to help you pay for renovations to a leased space. The allowance is usually a certain amount of money per square foot of rented space. It is sometimes offered as a tenant inducement.
Incentives offered by a landlord to encourage you to rent a space. Examples include several months rent free or help with paying for leasehold improvements.
Nov 13, 2023 · Even if you know every one of the 136 real estate terms on this list and how to use them, your clients expect you to be their interpreter. This comprehensive list of real estate definitions will help you ensure you’re communicating with clients effectively.
Sep 19, 2023 · Once you’ve found the ideal commercial property to lease, it’s important to understand the lease clauses and terms you’ll likely see when renting commercial real estate. Before sitting down to negotiate, read on to learn how to decode the language and terms of a commercial lease.
Lease - A contract where one party (the landlord) agrees to allow another party (tenant) the exclusive, common and/or joint right (s) to use a property for a specific period of time. Lease buyout - When a landlord offers to take over the current lease of a tenant.
Feb 3, 2024 · Lease terms refer to the specific conditions and agreements outlined in a rental contract between a landlord and tenant. These terms provide guidelines for both parties, clarifying their rights and responsibilities during the leasing period.
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Sep 21, 2020 · Whether you’re looking to lease or invest in commercial real estate, you’ve probably run across the term “triple net.” But what does that actually mean? Here’s the complete guide on everything you need to know about NNN (triple net).
