Lease Chart

Types of Commercial Real Estate Leases
Type of Lease Rent Basis Often Used In
Percentage Lease Base Rent + Percent of Monthly Sales Retail Businesses; Malls
Net Lease In additional to rent, tenant pays some or all of taxes, insurance, or maintenance. Any commercial lease; usually favors landlord’s interests.
Double Net Lease Tenant pays rent + taxes and insurance. Any commercial lease; usually favors landlord’s interests.
Triple Net Lease Tenant pays rent + taxes, insurance, and maintenance. Any commercial lease; usually favors landlord’s interests.
Fully Serviced Lease (Gross Lease) Landlord directly pays all or most usual costs. These costs are often passed on to tenant in rent as a “Load Factor.” Office, Some industrial and retail leases.

Chart Notes:

Load Factor is a method of calculating total monthly rent costs to a tenant that combines usable square feet and a percentage of square feet of common areas which can include restrooms, lobby, elevators, stairwells, and hallways.

Usable square feet + percentage of common area square feet = rentable square feet.

All information is deemed reliable, but is not guaranteed. Interested parties are advised to independently verify all information contained herein.