Feb 10, 2023
Commercial Real Estate Leases: Understanding Gross, Double Net, and Triple Net Leases
Sep 21, 2017
Modified Gross Leases in Commercial Real Estate
The modified gross lease, also sometimes referred to as the modified net lease, is a combination of the gross lease and the net lease. The operating expenses are both the landlord and tenant's responsibility. A modified gross lease falls in between the spectrum of a net lease (where the tenant is responsible for the operating expenses) and a gross lease (where the landlord is responsible for the operating expense).