Modified Gross Commercial Real-Estate Lease Agreement

Context:
- It can (typically) include Modified Gross Commercial Lease Agreement Articles, Modified Gross Commercial Lease Agreement Clause, Modified Gross Commercial Lease Agreement Provision, and Modified Gross Commercial Lease Agreement Terms, including:
  - One where the landlord agrees to pay for certain expenses that are typically the responsibility of the tenant.
  - One that specifies modifications to the payment structure, such as a fixed rent amount that includes utilities, maintenance, and insurance costs.
  - One that specifies which Operating Expenses are included and excluded from the gross lease.
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Example(s):
- a Gross Modified Office Lease Agreement, such as [1], where the tenant pays a fixed rent amount that includes utilities and property taxes.
- a Gross Modified Retail Space Lease Agreement, where the landlord is responsible for all common area maintenance fees.
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Counter-Example(s):
- a Standard Gross Commercial Lease Agreement (gross commercial lease agreement).
- a Triple Net Lease Agreement, where the tenant is responsible for all expenses, including taxes, insurance, and maintenance.
- a Percentage Commercial Lease Agreements,
See: Commercial Real-Estate Lease Type, Gross Lease Agreement, Fixed Rent Structures, Operating Expense Allocation, Multi-Tenant Commercial Space, Lease Negotiation Strategy, Expense Responsibility.

References

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- A gross modified lease agreement is a specific type of commercial lease in which the landlord and tenant share the costs of the property's operating expenses. This form of lease balances between a gross lease, where the landlord covers all expenses, and a net lease, where the tenant bears the expense burden. It's frequently used in multi-tenant commercial spaces such as office buildings. The unique aspect of a gross modified lease is the ability to negotiate which expenses are borne by each party, which offers flexibility and allows for cost sharing. It's crucial to pay close attention to these details as reimbursement structures can differ notably.