Good morning, its Word of the Week Wednesday again! Let’s look at modified gross lease. Modified gross lease is a lease agreement where the tenant of a property is responsible for the base rent and splits other expenses with the landlord. The landlord may cover property taxes, insurance, and property maintenance while the tenant may cover utilities, smaller maintenance, and usually low-level repairs in this agreement.
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CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday! Let’s take a look at pro forma. Pro forma is a financial analysis forecasting a property’s cash flow using certain projections or presumptions. This can be estimated by using a combination of historical operating data growth assumptions and current market information.