What is a risk period in a lease?

Risk Period means the period for which the Landlord decides to insure against loss of Rent, being a minimum of three years and a maximum of five 14 years, starting on the date of the relevant damage or destruction; Sample 1Sample 2Sample 3.

What does air stand for in commercial real estate?

Air rights refer to the empty space above or around a building on a specific lot that may be used for development.

What is the most common lease for industrial property?

Gross Lease Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.

What does MG mean in a commercial lease?

Modified gross leases are rental agreements where the tenant pays base rent at the lease's inception as well as a proportional share of other costs like utilities. Other costs related to the property, such as maintenance and upkeep, are generally the responsibility of the landlord.

What does IG mean in a lease?

Industrial Gross (IG) Lease. Lease type in which tenant pays most but not all operating expenses in the base rate. In addition to base rent, tenant pays utilities, common area maintenance, and often the increase in property taxes and insurance over base year.

How do commercial leases work UK?

The lease provides the tenant with the right to use the property for a business or other commercial activity, for a specific time period. In return for these advantages, the tenant pays rent. The lease details all the rights and responsibilities of you, the landlord, as well as your tenant.

What does IG stand for in real estate?

Industrial Gross (IG) Rent Vs. As you're searching through commercial real estate investments on the market, you may come across the term IG or IG Rent on certain properties suited to industrial business or warehousing.

What is the difference between a gross and a net lease?

What's the Difference Between a Gross Lease vs Net Lease? The main difference between a gross lease and a net lease is that in a gross lease the landlord is responsible for paying the operating expenses, while in a net lease the responsibility of the operating expenses falls on the tenant.

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STANDARD INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE - GROSS

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Q: What does IG stand for in real estate?

Industrial Gross (IG) Rent Vs. As you&#039;re searching through commercial real estate investments on the market, you may come across the term IG or IG Rent on certain properties suited to industrial business or warehousing.

Q: What is the difference between a gross and a net lease?

What&#039;s the Difference Between a Gross Lease vs Net Lease? The main difference between a gross lease and a net lease is that in a gross lease the landlord is responsible for paying the operating expenses, while in a net lease the responsibility of the operating expenses falls on the tenant.

STANDARD INDUSTRIAL/COMMERCIAL MULTITENANT LEASE GROSS 1.Basic Provisions ( "Basic Provisions "). 1.1 Parties: This Lease ( "Lease "), dated for reference purposes only is made.

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