About CPMC Realty

Commercial real estate leases are complex documents, however, CPMC Realty is here to help guide you through the process! Understanding the main types of leases and some of the terminology associated with them is a great starting point, as it will help your decision-making process to find the best fit for you and your business needs.

 Also known as a full-service lease, a Gross Lease typically includes all of the Operating Expenses for a property, such as the utilities, maintenance, and property taxes. The upside of a Gross Lease is you are typically only responsible for paying for Rent.

If your landlord receives a lower tax assessment and property taxes and insurance rates drop, the savings are passed along to you and other tenants. Keep in mind with these types of leases, expenses are unpredictable. Modified Net Lease also referred to as a Modified Gross Lease: 

With these types of leases, you will be expected to pay for your share of all Common Area Operating Expenses (N), Real Property Taxes (N),and Insurance (N). Your share of the NNN expenses are usually calculated based on the square footage you are leasing and dividing it by the total square footage of a building or the property's total rentable square footage.