Modified gross lease

Modified gross lease,

Definition of Modified gross lease:

  1. A type of real estate lease whereby the tenant begins to pay more of the propertys expenses as time goes on.

  2. A modified gross lease is a type of real estate rental agreement where the tenant pays base rent at the lease's inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.

  3. Modified gross leases are typically used for commercial spaces such as office buildings, where there is more than one tenant. This type of lease typically falls between a gross lease, where the landlord pays for operating expenses, and a net lease, which passes on property expenses to the tenant.

How to use Modified gross lease in a sentence?

  1. Modified gross leases are common in the commercial real estate industry, especially office spaces, where there is more than one tenant.
  2. Modified gross leases are rental agreements where the tenant pays base rent at the lease's inception as well as a proportional share other costs like utilities.
  3. Other costs related to the property, such as maintenance and upkeep, are generally the responsibility of the landlord.

Meaning of Modified gross lease & Modified gross lease Definition

Modified Gross Lease,

What is The Definition of Modified Gross Lease?

A modified aggregate lease is a type of real estate lease in which the lease pays the basic rent at the commencement of the lease, but it also assumes other property related expenses, such as property tax. , Utilities, insurance and maintenance.

  • A modified aggregate lease is a lease in which the lessee pays a portion of the basic rent and other expenses, such as:
  • Other costs related to the property, such as maintenance and upkeep, are usually borne by the owner.
  • Modified aggregate leases are common in the commercial real estate industry, especially in multi-tenant offices.

Literal Meanings of Modified Gross Lease

Modified:

Meanings of Modified:
  1. Make partial or minor changes to (something)

Sentences of Modified
  1. He may be willing to change his mind

Synonyms of Modified

reorganize, refashion, rework, refine, improve, remake, remodel, restyle, transform, amend, revise, adjust, alter, make alterations to, recast, reshape, convert, reorientate, reconstruct, reorient, adapt, redo, remould, vary

Gross:

Meanings of Gross:
  1. The number 144 is equal to twelve dozen.

  2. Gross profit or revenue.

  3. (Especially bad deeds) is very clear and clearly unacceptable.

  4. (Income, benefits or interest) without tax deductions or other aggregate contributions.

  5. Too rude or too rude.

  6. Normal or large scale is not accurate or detailed.

  7. There are no break taxes or other fees.

  8. Make or earn as profit or gross income.

Sentences of Gross
  1. Fifty-five cans of processed raw milk

  2. Installed kick drum

  3. Serious human rights violations

  4. The total donation amount is $ 1000.

  5. We feel it is our duty to fulfill our rude and material subordinate duties

  6. At the overall physical level

  7. If your bond is worth 000 50,000 or more, total interest will be paid.

  8. The film grossed $ 8 million in the United States

Synonyms of Gross

make, comprehensive, offensive, earn, indecent, bring in, obvious, whole, aggregate, rude, filthy, ribald, receive, dirty, conspicuous, complete, impure, smutty, risqué, ■■■■■, vulgar

Lease:

Meanings of Lease:
  1. Rent subsidy (property).

  2. An agreement under which one of the parties transfers land, land, services, etc. The other party, for a specified period, usually in exchange for regular payments

Sentences of Lease
  1. Rent a website from a local business

  2. Six months rent in a store

Synonyms of Lease

rent, rental agreement, charge for the use of, leasehold, contract, charter, sublease, sublet, farm out, hire out, hire, hire agreement, rent out

Modified Gross Lease,

How To Define Modified Gross Lease?

  1. A modified lease is a type of real estate lease in which the tenant pays the basic rent at the commencement of the lease, but is also a part of other property related expenses, such as property tax, utility, insurance and maintenance.

    • A modified lease is a lease in which the lessee pays the basic rent, as well as a portion of other expenses, such as a surcharge, at the beginning of the lease.
    • Other costs related to the property, such as maintenance and repairs, are usually borne by the owner.
    • Modified rents are common in the commercial real estate industry, especially for multi-tenant offices.

Literal Meanings of Modified Gross Lease

Modified:

Sentences of Modified
  1. Maybe he's ready to change his mind.

Synonyms of Modified

make adjustments to, qualify, temper, lower, redesign, tweak, permute, restrict, blunt, tone down, moderate, customize, tailor, soften, limit, lessen, reform, reduce, decrease, dull, permutate, abate

Gross:

Meanings of Gross:
  1. (Income, benefits or interest) without tax deductions or other total contributions.

  2. Extremely rude or abusive.

  3. No general or extensive description.

  4. Generate or earn (amount of money) as profit or gross income.

  5. The number is equal to twelve dozen out of 144.

  6. Gross profit or income.

Sentences of Gross
  1. Rude and ridiculous version of "The Tamed Shiro"

Synonyms of Gross

dreadful, audacious, arrant, shocking, unrefined, wicked, obscene, before tax, cloddish, insensitive, imperceptive, patent, lewd, outrageous, uncouth, common, crude, undiscriminating, uncultured, take, indelicate, out and out, evident, boorish

Lease:

Meanings of Lease:
  1. An agreement in which a party provides land, goods, services, etc. The other party for a certain period of time, usually in exchange for regular payments.

Synonyms of Lease

period of occupancy, tenancy, let out, period of occupation, booking, tenure

Modified Gross Lease,

How To Define Modified Gross Lease?

  1. You can define Modified Gross Lease as, James Chen, CMT, is an experienced trader, investment advisor and global market strategist. He is the author of John Wiley & Sons' books on trade and technology trade and has been a visiting researcher at CNBC, Bloomberg TV, Forbes and Reuters, among other financial companies.

    • A modified lease is a lease in which the lessee pays the basic rent, as well as a portion of other expenses, such as surcharges, at the beginning of the lease.
    • Other costs associated with the property, such as maintenance and upkeep, are usually borne by the owner.
    • In the commercial real estate industry, modified rents are common, especially for multi-tenant offices.

Literal Meanings of Modified Gross Lease

Modified:

Synonyms of Modified

change, revamp, diminish, mitigate

Gross:

Meanings of Gross:
  1. (Especially bad deeds) is very clear and unacceptable.

  2. Without tax deductions or other total contributions (income, benefits or interest).

  3. Very rude or abusive nonsense.

  4. Not general or extensively detailed.

Sentences of Gross
  1. The rude and ridiculous version of "The Teamed Shrew"

Synonyms of Gross

unfeeling, crass, flagrant, clodhopping, near the knuckle, slobbish, overall, total, blatant, draw, raunchy, undisguised, reprehensible, gamy, ■■■■■, haul in, ocker, pull in, earthy, tasteless, glaring, iniquitous, callous

Lease:

Meanings of Lease:
  1. An agreement in which a party provides property, goods, services, etc. The second is for a certain period of time, usually in exchange for regular payments.

Sentences of Lease
  1. Website rental from a local business