Typical Commercial Lease Terms That Everyone Should Know
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During your search for commercial space, I’m sure that you’ve come across a lot of commercial real estate jargon - but you need not worry! You don’t have to know everything.
This video will cover the basics of commercial leases including common lease structures, important lease clauses, and the most common delivery conditions of commercial leases.
By the end of, you won’t know everything about commercial leases, but you’ll know enough to be dangerous.
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// ABOUT TYLER
Tyler Cauble is Founding Principal and President of The Cauble Group, an East Nashville-based commercial real estate brokerage serving the Greater Nashville Area. He's a native Nashvillian that has not only been a witness to the city's tremendous growth, but is also involved in it through his developments, renovation projects, and volunteer work.
As President of The Cauble Group, Tyler helps bring together buyers, sellers, landlords, and tenants in retail, office, industrial, and multi-family real estate. He’s committed to helping business owners understand the market so that they can grow their business and be part of Nashville’s future. Cauble is also the best-selling author of Open For Business: The Insider's Guide to Leasing Commercial Real Estate.
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0:00 - Intro
0:28 - Lease Structures
0:40 - Triple Net (NNN)
1:24 - Full-Service Gross (FSG)
2:01 - Modified Gross (MG)
2:36 - Lease Clauses
2:49 - Sublease Clause
3:24 - Exclusive Right
3:48 - Rent Escalation
4:21 - Delivery Conditions
4:37 - Vanilla Shell (Warm Shell)
5:13 - Cold Dark Shell
5:51 - Second-Generation
6:38 - Conclusion
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you. I'm also not your CPA, attorney, or broker - consult the professionals!
Sharing commercial real estate tips to help you grow your investments and your business.
