Lease Terminology

ALL OF THOSE LEASE 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 office leases and they can be a bit confusing. An easy to understand office property lease is a month to month lease or called "periodic tenancy" or "tenancy at will".

Tenancy at will office leases allow the landlord to ask you vacate when they please.

The most common office leases in place are NNN called triple net leases followed by a modified gross lease or full service lease.

An office property lease known as a triple net lease is an office lease where the landlord will push thru the operating expenses to the tenant. These operating expenses for the office space 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. 

A modified gross office lease is an office lease where the rent is combined with operating expenses and the tenant pays for electric and janitorial costs.

A full service lease is an office lease that has the operating expenses and rate combined giving you the total amount you have to pay per month. Full service rates most of the time include all bills paid. So there are no extras incurred in the office rent.

Benefit from our commercial broker services to help you find and negotiate the best office lease or condo purchase in Austin today.

Clients get a lease review with every lease that is done and are given pro-active suggestions to seek legal help if any lease terms do not reflect well upon them as a tenant. 

Contact us today to help you navigatethru multiple lease terms.