Part 1 - Introduction to the Lease Spectrum
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An agreement between a tenant and an owner, stating among many other things, who is responsible for paying what
There are different lease types, differentiated by which party is responsible for paying operating expenses and / or capital expenses
Most popular lease types are Full Service and Triple Net
By the end of this episode you’ll learn:
Why have a lease?
Who pays what in each lease type?
The lease spectrum
Define proportionate share and why it’s important
Have a few minutes:
Ben & Jerry's has a lot of different ice cream flavors. There is a flavor for everyone and every occasion. The same is true for commercial real estate leases. There are different leases that favor different circumstances, parties, and industries. Some are sweet, others, not so much.
This is the first episode of a multi-part series where we introduce the topic of commercial real estate leases.
In this video we’ll explore why leases are the cornerstone of commercial real estate, the main types of commercial leases and what differentiates them from each other.