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In this video tutorial, viewers are introduced to the essentials of commercial leases, designed to demystify common real estate jargon. It covers various lease structures, key lease clauses, and typical delivery conditions. By the end, participants will gain a foundational understanding of commercial leases, even if they won't know everything. The tutorial highlights different lease structures, notably the triple net lease, which is prevalent in commercial real estate. In a triple net lease, tenants pay base rent plus additional costs for property taxes, building insurance, and common area maintenance, bearing all expenses related to the property while the landlord retains ownership responsibilities.
