REoptimizer® Blog

Pros and Cons of a Modified Gross Lease

Posted by Don Catalano on Jun 10, 2020

Modified Gross Lease is a type of lease where both the landlord and the tenant are responsible for paying a property’s operating expenses. Under this type of lease, a commercial real estate tenant takes the responsibility of paying for the base rent and a few operating costs such as utilities, interior maintenance. Modified gross leases are often used for commercial spaces where there is more than one tenant.

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Topics: modified gross lease