Thursday, September 26, 2013
Types Of Solano Office Space Leases: Full Service NNN Modified Gross
Renting Solano County California Office Suites Means You Need To Know These Real Estate Leasing Terms
SOLANO FULL SERVICE - Refers to a lease in which the monthly rent includes the cost of janitorial services, trash collection, utilities, water and sewer charges, property taxes, and probably electricity. Different Solano landlords may have different office space lease definitions for this and other terms. Solano Business Incubator ™ offers much more than full service. Solano Business Incubator can include the following that exceeds “full service”: telephones, internet, receptionist, coffee, filtered water fountain, conference rooms, security system and more. Even the janitor comes five times a week.
SOLANO MODIFIED GROSS – It is somewhere between a Triple Net lease and a Gross lease. Some expenses may be included in the lease. This is a common office rent in Fairfield, Vacaville, Suisun City and Vallejo.
SOLANO MODIFIED NET – a compromise between the gross lease and the triple net (NNN). The Solano tenant agrees to pay taxes and insurance. This is a common office rent in Fairfield, Vacaville, Suisun City and Vallejo.
NNN IN SOLANO – In Solano the Triple Net Lease means the Solano County California tenant pays all or part of the taxes, insurance, and maintenance associated with use of the property. The Solano landlord won’t pay for electricity, garbage and probably not even most repairs. An uncommon office lease term for small office spaces. It is more prevalent when renting an entire commercial real estate property in Fairfield, Vacaville, etc.