Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.
An entire second floor of fully built-out office space (2 spaces, can be leased together or separate) in East Williamsburg that has private offices & restrooms, lounge & reception areas, and waiting & conference rooms, is elevator accessible / ADA compliant, and has a central HVAC system. Comes with 1 dedicated parking space in front of the building.
Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.