Leases - Nick Tortorelli Real Estate - Local Monterey Realtors Since 2013
Nick specializes in commercial leases. There are three basic types of commercial real estate leases. These leases are organized around two rent calculation methods: "net" and "gross." The gross lease typically means a tenant pays one lump sum for rent, from which the landlord pays his expenses. The net lease has a smaller base rent, with other expenses paid for by the tenant. The modified gross lease is a happy marriage between the two. While terms vary widely building by building, this basic overview will help businesses shop for the best deal possible.
When evaluating options for office space lease, it is important to compare the different lease options with an eye toward all expenses, and not just the base rental rates. Base rental rates tend to be much lower, with additional expenses added for the real monthly rate.
Market forces will tend to even out rental rates for comparable properties, regardless of type of lease. Tenants should expect to pay roughly the same amount, modified gross, or full service lease for similar quality office spaces in the same area.
The most important rule of commercial leases is for tenants to read their leases carefully, and clarify exactly what expenses they have responsibility for. Circumstances under which additional charges will occur should be identified and caps negotiated.
Please feel free to read the testimonials from several of Nick's most satisfied clients.
Contact Nick today if you're looking to lease commercial real estate! 831-324-3910
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The Nick Tortorelli Real Estate Mission Statement
Our philosophy is simple...clients come first. We pledge to be in constant communication with you, keeping you fully informed throughout the entire buying or selling process. We believe that if you’re not left with an amazing experience, we haven’t done our job. We don’t measure success through achievements or awards, but through your overall satisfaction.
Local Monterey Realtors Specializing In The Following:
Professional & Experienced Monterey Realtors
When you're living in Monterey County, Santa Cruz County, San Benito County or any of the surrounding areas, trust your real estate needs to Nick Tortorelli. Honesty and integrity are very important to Nick. He features top quality service, attention to detail and an overall enjoyable experience for his customers. Nick specializes in the Monterey Bay residential housing market and takes pride in always being available.
When you need a tried and true Monterey real estate specialist, Nick Tortorelli is here to serve you.
Offering courteous, efficient and reliable real estate expertise in the following areas of California:
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