Get a high level overview of commercial leasing by watching this video. You’ll learn the types of leases, key terms (jargon), important sections of a lease, as well as some general tips. Don’t want to watch the video? There’s an outline below, enjoy!
Types of Leases
- Gross Lease
- Net Lease
- Single Net
- Double Net
- Triple Net
- Modified Gross Lease
- Percentage Lease
- Ground Lease
Key Terms
- Base Rent
- CAM (Common Area Maintenance)
- Operating Expenses
- Rent Abatement
- Security Deposit
- Lease Term
- Renewal Options
Important Clauses
- Premises Clause
- Use Clause
- Maintenance and Repairs
- Alterations and Improvements
- Insurance Requirements
- Subleasing and Assignment
- Default and Remedies
- Dispute Resolution
Expert Tips & Best Practices
- Importance of a tenant rep broker
- Negotiating rent abatement
- Understanding escalation clauses
- Reviewing maintenance responsibilities
- Ensuring flexibility