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There are advantages to working with a broker. "Not only will [Brokers} be able to identify available spaces based on your search criteria, but commercial lease structures are far more complex than residential homes or apartment leases," says Hargis. "[Leases] require a strong understanding of what's 'market' for all the important elements.
Choosing the right broker is essential. Brokers often specialize in specific markets and uses. A broker should take the time to understand your business and goals.
Gross or Full-Service: This all-inclusive lease agreement means all costs are included in the tenant's monthly rent payment, including operating expenses, common area maintenance fees, and taxes. Most common in office.
Modified or Gross: This lease agreement requires the tenant to pay a base monthly rent amount and share the costs associated with taxes, utilities, insurance, and maintenance.
Net: In a net lease agreement, the tenant pays a portion of the operating expenses for the building plus the specified monthly rent amount.
Triple Net (NNN): The tenant is responsible for all of the costs in the lease agreement, including operating expenses, taxes, insurance, and the monthly base rent amount. Most common in retail.
1. It's one of the safest investments you can make.
2.There are multiple ways of investing in real estate.
3. There are several ways this asset class appreciates in value.
4. It can diversify your portfolio.
5. Real estate investors generally pay fewer taxes.
6.You can get easy access to loans.
7.It can be passed down through generations.
8.You can earn passive income.
Office