Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.
Gut-renovated, white-boxed ground floor + lower level Retail space--perfect for a restaurant/bar--has gas, a restaurant C of O, and can be vented. Landlord willing to contribute to build-out (e.g. put in large front window) for the right offer.
Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.