Justin Lamontagne, Broker, NAI | The Dunham Group
I was recently listening to a podcast interview with a blogger who specializes in social media. She stressed the importance of sometimes writing for a mass audience as opposed your professional inner-circle. It inspired me to write this column on a topic most people who work within my industry understand. But among the public, including many landlords and tenants, it remains the single most confusing topic in commercial real estate: triple net and modified gross leases and how they differ.
First, it’s important to understand and recognize that a lease is a legally binding document.
Article originally published in Mainebiz on October 29, 2012.