Unlike a gross lease, in a commercial net lease, the tenants are responsible for paying for some of the operating costs of the building. The most common operating costs include:
When all three of these expenses are included in a net lease, it is referred to as a "triple net lease". Negotiating the terms of these leases is tricky, and you'll want to know all of your options to help minimize your liability for expenses.
Commercial Triple Net Leases: Allocating Taxes
The basics of property taxes in a commercial lease agreement.
Commercial Triple Net Leases: Allocating Insurance Costs
Another negotiation point will be liability insurance.
Commercial Triple Net Leases: Allocating Maintenance Costs
Maintenance will be necessary, and your lease will spell out who pays for it.