LEASE TERMS & DESCRIPTIONS

An office property lease for a commercial office in Austin usually does not have language that defines the type of office lease that is in place. There are several types of Austin office and warehouse leases , here is a short guide.

Tenancy at Will:

An office or warehouse lease that allows the landlord to ask you vacate when they please.

Periodic Tenancy

An Austin office or warehouse  property  lease which is a month to month lease or called “periodic tenancy” or “tenancy at will”. If your lease expires, typically you become a tenancy at will, holdover also can activate.

Lease Terms | NNN Lease:

The most common office or warehouse  leases in place are (NNN) called triple net leases.  An office or warehouse property lease that is a triple net lease is an Austin office or warehouse  lease where the landlord will push thru the operating expenses to the tenant. Operating expenses for the office space or warehouse property include taxes, insurance and common area maintenance costs. The landlord receives a net rent from their commercial property with a triple net lease in place.

Modified Gross  Office or Warehouse Lease:

A modified gross office or warehouse  lease is an office lease when the rent is combines with operating expenses and the tenant pays for electric and janitorial costs.

Full Service Office Lease Terms:

A full service lease is an office or warehouse  lease that has the operating expenses and lease rates together,  giving you the total amount you have to pay per month. Full service rates usually include all bills paid. So there are no extras incurred in the office rent.

Clients will receive a lease review with every lease , we will provide pro-active suggestions to seek legal help if any lease terms do not make sense

Warehouses For Sale Services

Contact us today to help you navigate thru multiple lease terms.