What does MG stand for in a for lease property.

In Leasing Property - Asked by Steve B. - Jul 22, 2009
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richard v.
Seekonk, MA

need to find commercial.

Jul 22, 2009
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Beau B.
York, PA

More than likely it stands for "Modified Gross." There are multiple ways Tenants/Landlords can be responsible for expenses. The best way for a LL is to have a NNN (Triple Net) lease where ALL of the expenses are passed through to the tenant. A Gross lease means that the Landlord is responsible for all of the expenses. A modified Gross lease is where the Tenant and Landlord share certain expenses so therefore it is not a full NNN lease and it is not a full GROSS lease.

Jul 22, 2009
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alan f.
London, LN

Hello Steve,
Well “MG” stands for Modified Gross, which is one of the terms used for property lease. In this lease process tenants are only responsible to pay a base rent of the property and all other cost of the property related operations would be bearable by landlords. If looking around we can have one common example where tenant can make minor changes such as white washing, changing carpets etc., and major changes falls under landlords side.

Jun 24, 2013
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