Lease types

In Leasing Property - Asked by Jim S. - Oct 7, 2012
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J. David F.
Brentwood, TN

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
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Tom H.
Property/Asset Manager
Mesa, AZ

Modified gross

Oct 8, 2012
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David M.
Augusta, GA

There is great flexibility in a Modified NET lease.

Oct 19, 2012
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David V.
Meridian, ID

I was taught that there is NNN on one end of the spectrum and there is Full Service (+ or - Janitorial), and everything in between is Modified Gross. Simple.

Oct 24, 2012
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