To the uninitiated, a Commercial Real Estate Listing Bend can seem borderline unintelligible. In reality, though, all of those abbreviations and phrases can be deciphered. Read on to find out how to get started getting to the bottom of what a commercial real estate lease listing says.
NNN Leases
The first abbreviation most readers are likely to notice in a commercial real estate lease listing is about an “NNN” lease. These N’s refer to what’s called a “triple net lease listing,” which is simply a listing that states the base rate for leasing the space. Other charges are typically included on top of this rate, including the CAM charges, but the landlord is often responsible for making any structural repairs required.
CAM Charges
CAM is an acronym, and knowing what it stands for actually goes a long way toward clarifying what it means CAM is short for “Common Area Maintenance.” When a Commercial Real Estate Listing in Hoboken NJ refers to CAM charges, it means that the buyer will be paying for the cost of running the building, typically including everything from insurance costs, maintenance costs, and taxes.
Full-Service Gross Leases
If a listing is for a building that offers a full-service gross lease, it means that the rate in the listing includes everything the tenant is going to have to pay. This includes taxes, insurance, maintenance, and utilities. It is rare to find a property listed with a full-service gross lease.
Percentage Lease
Percentage leases are common in retail. A property owner who offers renters a percentage lease will simply own a percentage of the monthly sales that are being made by the store. Most percentage leases also stipulate a minimum monthly rent.
Learn More Today
Whether readers are looking to lease commercial space, buy one, or place one on the market, they are much better off working with a real estate agent or a broker than attempting to navigate the complexities of commercial real estate listings alone. They can start by getting to Know more about Mlsguide.com or getting in contact to find an agent who can answer any questions they may have today.
