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What is Rentable Versus Usable SF
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Understanding NNN Leases Part 1
What is a NNN Lease? A triple net lease or Net Net Net Lease is a type of lease where the tenant pays their share of the common area maintenance, taxes, and insurance. A NNN lease passes on the instability or burden of market volatility from the hands of the landlord (as in a full…
5 Reasons to Tour (Even if You Plan on Renewing Your Lease)
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Common Area Defined
Common Area defined For lease purposes, common area is defined as the areas of a building that are available for the nonexclusive use of all its tenants, such as lobbies, corridors, and parking lots. Common Area Maintenance (CAM) Common Area Maintenance (CAM) charges are charges that are paid by the tenant for the upkeep of areas designated…
Capital Improvements
What are Capital Improvements? Capital improvement is work done to a commercial property (office, retail, or industrial) that is undertaken to improve or extend the normal economic life of an existing structure. Deductions are not done for capital repairs, the cost is added to the cost of the property. Why does this matter to tenants?…
Rent Increase Triggers Hidden in Plain Sight
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