Top 12 Mistakes Tenants Make When Leasing Space (part 5 of 12)
#5 Most Common Mistake
Misunderstanding Monthly Rent & Hidden Costs
Business owners who are inexperienced with commercial real estate are unable to perform true apples to apples comparisons when considering different locations. With all the industry jargon like gross, net, and triple net, it is often unclear whether taxes, insurance and Common Area Maintenance (CAM charges) are included in the base rent. “Extras” can increase monthly rent significantly. You need a tenant rep you can count on to help steer you safely through the maze of complexity.