what are the tenant's operating costs under a "modified net" lease in a small office building in soho, nyc?

Does a tenant pay real estate taxes, electricity, cleaning, property management, security under a "modified net" lease structure?
In Leasing Property - Asked by Dean S. - Mar 10, 2009
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Leigh B.
Sausalito, CA

Hi Dean,
A modified net can mean different things so don't be afraid to ask for clarification. What it usually means is that the tenant pays for utilities and possibly janitorial or some common area maintenance while the landlord takes care of the big expenses (taxes, insurance, maintenance).

Mar 11, 2009
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