Frequently asked questions

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With over 30+ years of commercial real estate experience we represent retail, land, office, and industrial Sellers & Buyers. Based in Cherokee County, our commercial team is positioned to support many projects in a prime area of growth for Metro Atlanta.

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What is a Triple Net (NNN) lease?
One of the most popular types of net lease for commercial freestanding buildings, like industrial and retail spaces. It is known as the net net net lease, or NNN lease, where the tenant pays all or part of the three “nets”–property taxes, insurance, and CAMS – on top of a base monthly rent. Common area utilities and operating expenses are usually lumped in as well; for example, the cost for staffing a lobby attendant would be part of the NNN fees. Of course, tenants also pay the costs of their own occupancy, including janitorial services, utilities, and their own insurance and taxes.
What is a Gross lease?
In a gross lease, the rent is all-inclusive. The landlord pays all or most expenses associated with the property, including taxes, insurance, and maintenance out of the rents received from tenants. Utilities and janitorial services are included within one easy, tenant-friendly rent payment.

A benefit of this type of lease is that it is supremely easy for the tenant, which can forecast expenses without worrying about an unexpected lobby maintenance charge, for example. The landlord assumes all responsibility for the building, while tenants concentrate on growing their businesses.

What is a Modified Gross lease?
A modified gross lease is a type of real estate rental agreement where the Owner or Landlord is responsible for the major expense items, but the tenant is responsible for their direct expenses. Typically, the Tenant is going to pay for expenses directly attributable to their unit such as rent, utilities, and janitorial. The Owner is going to pay for all common area and exterior expenses, together with management, and real estate taxes, insurance, etc.

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