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In this video, we explore different types of commercial real estate leases, including net leases and gross leases. In a net lease, the tenant is responsible for paying for additional property taxes in addition to their base rent, including expenses like insurance, property taxes or maintenance. In a gross lease, tenants simply pay a flat fee, plus any utilities. This video explains the leases in their simplest form, but note that all commercial real estate leases may be modified upon mutual agreement to meet the specific needs of the tenant and landlord.
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DISCLAIMER: This video is provided for informational or entertainment purposes only. Check with your accountant, lawyer, and/or other professionals/advisors before relying on this information. Although we believe it to be reliable, we do not provide any warranties and we do we do not guarantee its accuracy or completeness. Please consult a professional and use common sense. common sense
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Music by Staso AKA Stanley Jeong:
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