When a business signs a double net lease for a space in a strip mall, the amount of property taxes and insurance they must pay is prorated based on the size of the space they are renting.
Long-term and expensive commercial property leases are common. The location of many enterprises directly affects their revenue and overall profitability.
For this reason, before a client signs on the dotted line, a leasing real estate agent must possess a thorough knowledge of the many kinds of lease agreements.
Negotiating a lease between a landlord and tenant in commercial real estate can be challenging.
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