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In this video tutorial, you'll learn the basics of commercial leases, focusing on common lease structures, important lease clauses, and typical delivery conditions. While you won't become an expert, you'll gain enough knowledge to navigate commercial leases confidently. The video highlights several lease structures, particularly the triple net (NNN) lease, which is prevalent in commercial real estate. In a triple net lease, the tenant pays base rent plus additional costs for property taxes, building insurance, and common area maintenance, making them responsible for most expenses related to the property. Understanding these fundamentals will help you in your search for commercial space.
