It all depends and it varies from one property to the next. There are a couple of standard lease structures out there and they include.
FSG - Full Service Gross where everything is included in the rate.
MG - Modified Gross (sometimes called Industrial Gross), whereby the tenant pays the rent plus maintenance and utilities.
NNN - Triple Net where the tenant pays rent plus a share of all expenses.
Each of these formats can be modified for the specific circumstances. Smaller multi-tenant industrial is most frequently leased on some form of a modified basis.
Aug 3, 2009