Podcast
Questions and Answers
In a modified gross lease, who bears the maintenance and related costs?
In a modified gross lease, who bears the maintenance and related costs?
- The landlord (correct)
- Both landlord and tenant share the costs
- The property management company
- The tenant
What type of lease allows the landlord to cover all the property’s operating expenses?
What type of lease allows the landlord to cover all the property’s operating expenses?
- Net lease
- Gross lease (correct)
- Percentage lease
- Modified gross lease
What is a potential problem for tenants in a modified gross lease if the landlord is lax in general maintenance?
What is a potential problem for tenants in a modified gross lease if the landlord is lax in general maintenance?
- Difficulty in retaining clients (correct)
- Reduced business taxes
- Increased control over budgeting
- Higher profit margins
What is a disadvantage for landlords in using a gross modified lease?
What is a disadvantage for landlords in using a gross modified lease?
In a gross lease, who covers the property’s operating expenses?
In a gross lease, who covers the property’s operating expenses?
What does a tenant have more control over in a modified gross lease?
What does a tenant have more control over in a modified gross lease?
What is a potential problem for landlords in using a gross modified lease if the rent they charge is too little for a space that requires a lot of upkeep?
What is a potential problem for landlords in using a gross modified lease if the rent they charge is too little for a space that requires a lot of upkeep?
What does a landlord rest assured about in using a gross modified lease?
What does a landlord rest assured about in using a gross modified lease?
What is covered by the landlord in a gross lease?
What is covered by the landlord in a gross lease?
What is a potential problem for tenants in a modified gross lease if the landlord is lax in general maintenance?
What is a potential problem for tenants in a modified gross lease if the landlord is lax in general maintenance?
What is the primary difference between a ground lease and other types of commercial leases?
What is the primary difference between a ground lease and other types of commercial leases?
What is the typical lease term for a ground lease?
What is the typical lease term for a ground lease?
What is the purpose of a ground lease for many landlords?
What is the purpose of a ground lease for many landlords?
What happens to the improvements on the property once a ground lease term expires?
What happens to the improvements on the property once a ground lease term expires?
Why are ground leases also referred to as land leases?
Why are ground leases also referred to as land leases?
What is a benefit of a ground lease for a tenant?
What is a benefit of a ground lease for a tenant?
What is a benefit of a ground lease for a landlord?
What is a benefit of a ground lease for a landlord?
What can be a disadvantage for a tenant in a ground lease?
What can be a disadvantage for a tenant in a ground lease?
What might landlords risk if proper provisions are not included in a ground lease?
What might landlords risk if proper provisions are not included in a ground lease?
What type of lease allows the tenant to construct and use the facility while the landlord retains ownership of the land?
What type of lease allows the tenant to construct and use the facility while the landlord retains ownership of the land?
