Common Area Expenses For Business Lease
When signing a commercial lease, it is ever so important to understand which building expenses you are directly or indirectly responsible for paying, especially since these expenses could easily equate up to 50% of what the monthly rent is. If it is a typical retail store or commercial building lease, it will be a triple net lease aka NNN lease. In a triple net lease the tenant is responsible for practically every expense incurred in operating the commercial building or shopping center.