Modified Gross Lease
A modified gross lease allocates some operating expenses to the landlord and some to the tenant, with the allocation and pass-through mechanics specified in the lease. It sits between a full-service gross lease and a net/NNN structure and is highly variable by market and building practice.
Commercial Leasing Terms
- Additional Rent
- Assignment and Subletting Clause
- Base Rent
- Base Year
- Commencement Date
- Common Area Maintenance (CAM)
- Effective Rent
- Full-Service (Gross) Lease
- Gross-Up
- Rent Commencement Date
General information, not legal, tax or financial advice.