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A. Gross leases are most common for which property type? residential retail industrial office B. Office, retail and industrial properties typically utilize a lease structure
A. Gross leases are most common for which property type?
residential | ||
retail | ||
industrial | ||
office |
B. Office, retail and industrial properties typically utilize a lease structure that:
allows a tenant to compare rental costs across various properties by looking solely at base rent | ||
is characterized as a triple-net (NNN) lease | ||
requires the landlord to account for operating expenses before determining its bottom line | ||
imposes responsibility for property taxes, insurance and maintenance on the landlord |
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