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This video tutorial provides an overview of commercial leases, focusing on lease structures, important lease clauses, and common delivery conditions. It emphasizes that while you don’t need to know everything about commercial real estate jargon, understanding the basics is essential. Key lease structures include the triple net lease, which is prevalent and requires tenants to pay base rent plus property taxes, building insurance, and common area maintenance. In a triple net lease, tenants bear all property-related expenses, although the landlord retains ownership. By the end of the video, viewers will have a foundational understanding of these concepts.
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