A commercial lease where the landlord pays operating expenses; the tenant pays a flat rent.
In a gross lease the tenant pays one rent number that covers taxes, insurance, and shared-space costs. Contrast with net leases, where the tenant pays some or all operating expenses on top of base rent. Modified gross sits between the two.
An office tenant pays $30/SF gross — the landlord covers taxes, insurance, and CAM out of that rent.
The lease type decides who absorbs cost increases. Under a gross lease a tax reassessment or an insurance jump lands on the landlord; under a net lease it passes through. That difference is the reason two leases at the same headline rent are not the same asset.
Price a gross lease with a realistic expense growth assumption, and consider a base-year stop so unusual increases pass through. Track the expense pool anyway, even when nothing passes through, so you can see the margin erode before renewal.
Quoting gross and net rents side by side as if they were comparable, and signing a long gross term with no escalation in a market where taxes are rising.
Additional rent means charges beyond base rent that the lease enforces as rent. What it covers, why the label matters, and how to bill it.
Applicant screening verifies credit, income, rental history and references. How uniform criteria work and where fair-housing risk sits.
Cap rate is net operating income divided by value. How to calculate it, what it tells you, and where the number gets distorted.
CAM is a commercial tenant's pro-rata share of shared-space costs. How estimates, reconciliation and caps work in practice.
Delinquency is the state of being past due on rent. How aging buckets, late fees and escalation work without heading straight to eviction.
Escrow is money held by a third party until a condition is met. What it means for deposits, rent disputes and closings.
$49/month includes 5 units, then per-unit pricing that drops as you grow. Optional modules are billed separately and must be added deliberately.
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