Don’t sign your lease yet! Make sure you know these 4 commercial leasing terms first:
1. Lessee – the tenant; the person who rents the property or land
2. Lessor – the owner of the property that is being leased to the lessee
3. Operating Costs – expenses that are incurred by the lessor/landlord to maintain the property
4. Capital Costs – the total amount of expenses that the owner spent to acquire and/or improve the property
These are just some of the commercial leasing terms that you should know. Make sure to check with your agent for the complete list of important terms. Or feel free to message me if there is something you’d like to know about commercial leasing. I’m always happy to help. ????
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