Types of leases are all over the board. There are triple net or NNN leases, meaning that the rent rate is net to the Lessor of taxes, insurance and common area maintenance. There can also be NN or N leases, gross leases, modified gross lease, full service, modified full service- you get my drift. All are used according to the Lessor's requirements and terms they seek for a Lessee to occupy space.
Oct 7, 2012