The Pros and Cons of NNN, Gross, & Modified Gross Leases (S1:E17)

Send us Fan MailIn this week's episode, Mike and Marc explain the differences between NNN, Gross, and Modified Gross leases.  They give a detailed breakdown of what the additional monthly expenses that tenants and landlords should expect for each lease type.  This episode should leave listeners with a basic understanding of how and why leases vary and how that can impact a monthly budget.Episode NotesIntroduction (0:00)What is a NNN lease and what is CAM (1:39)What is included in a Gross lease (4:54)How do Modified Gross leases differ (7:01)What should you expect to pay for NNNs for industrial, retail, or office (7:44)When and how are expenses reconciled (10:30)How can you change a NNN lease to a Gross lease (11:16)Pros and cons of NNN and Gross leases (12:36)What is a Base Year (16:25)How can an agent help you to understand your lease expenses (17:55)Thanks for tuning in to In the CRE Vault with Mike and Marc—where we break down commercial real estate without putting you to sleep. Powered by NAI FMA Realty in Lincoln, Nebraska. For more, visit naifmarealty.com.