A real estate lease that requires the tenant to pay the base rent and requires the landlord to cover all costs relating to property operations.
Related information about modified gross lease:
- Modified Gross Lease Definition | Investopedia
A type of real estate rental agreement where the tenant pays base rent at the inception of the lease but in subsequent years pays the base plus a proportional ...
- Lease Terminology
As with a modified gross lease, a modified net lease is also available. There are no set standards as to what costs may be excluded in a modified net lease; the ...
- What are you really paying for – net, gross, or modified gross leases?
Jul 17, 2009 ... Modified Gross Lease: On the scale of allocating responsibility for the property, a modified gross lease falls somewhere in between a NNN ...
- What is Modified Gross on a Commercial Lease?
Aug 16, 2011 ... Modified Gross Lease, referred to as "MG" is where all (or part) of the ... Typically a modified gross lease will include all the nets in the base rent ...
- What Is the Difference Between a Triple Net Lease and a Modified ...
The triple net lease and modified gross lease are two common types of commercial leases. Because these two types of property leases have distinct approaches ...
- What is quiet enjoyment
A modified gross lease is a variation of a gross lease in which, typically, a tenant only pays base rent during the first calendar year (even if it is only part of a ...
- Lease Definitions: Triple Net Lease NNN, Gross Lease, Net Lease
Also referred to as a single net lease or modified gross lease. NN (Net Net Lease ): Generally a lease in which the tenant pays for utilities, property taxes, and ...
- What is modified gross lease? definition and meaning
Definition of modified gross lease: A real estate lease that requires the tenant to pay the base rent and requires the landlord to cover all costs relating to property ...