The senior director of Winick Realty Group, LLC., Hal Shapiro is a Scarsdale, NY-based retail-leasing expert who received his bachelor of arts from the University of Miami. Across his 15 years of experience, Hal Shapiro has specialized in commercial leasing and successfully served several high-profile clients, including L’Oreal and Northeast Community Bank.
Commercial real estate leases are different than residential leasing deals because they involve negotiations founded on data and statistical analysis. Here are some of the types of them:
Single Net Lease
In this deal, the tenant is only responsible for paying for utilities and property tax. The landlord handles all the other expenses.
In this deal, the tenant is only responsible for paying for utilities and property tax. The landlord handles all the other expenses.
Double Net Lease
In this circumstance, the landlord covers costs for maintenance and repairs while the tenant pays for property taxes, utilities, and insurance premiums for the building.
In this circumstance, the landlord covers costs for maintenance and repairs while the tenant pays for property taxes, utilities, and insurance premiums for the building.
Triple Net Leases
This lease type favors the landlord as tenants address all expenditures, excluding structural mending.
This lease type favors the landlord as tenants address all expenditures, excluding structural mending.
Net Lease
For this lease, the landlord and tenant split operating costs and structural repairs.
For this lease, the landlord and tenant split operating costs and structural repairs.
