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(pdf ebook)Business and Global Governance

There are different types of leases, you need to know when signing a commercial lease. They determine what you pay in rent over the lease of the advertised price listed. The triple net lease is the most expensive for the tenant with him, to pay all taxes, insurance and maintenance costs of ownership over renting. The opposite of triple net lease is the gross rent, where you pay the landlord for taxes, insurance and maintenance. The tenant pays the advertised price of rental. Published rental rates are lower with triple net lease for the tenant of extra costs in addition to rent, compared to a gross lease.In between a gross lease and triple net lease is a lease modified gross. This determines what the tenant pays, and there is usually a utility. This may be a modified gross lease, plus an electric motor in which the tenant pays the electricity bill in addition to the rental fee to be expressed. Another example would be gross, before taxes, in which the tenant pays the rent and property taxes can be modified for space rental.

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