The lessor may, however, expressly reserve the right to pass on future increases in operating costs to the tenant.
Net A modified gross lease is a hybrid between a gross lease and a net lease. In the case of a modified gross lease agreement, the operating costs are negotiated and shared between the lessor and the lessee. Typically, the tenant is responsible for the base rent and CAM, and the landlord is responsible for property taxes and non-life insurance. Sometimes the tenant only pays the base rent at the beginning of the lease, and then starts paying a portion of the operating costs later in the lease agreement. Commercial leases are the rental of offices or retail businesses in shopping malls, apartment buildings, shopping malls, warehouses or other industrial areas. Commercial leases set lease conditions such as the amount of the lease and the duration of the lease. . .