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This video tutorial simplifies commercial real estate terminology, particularly focused on commercial leases. It aims to cover essential lease structures, important lease clauses, and common delivery conditions, providing viewers with a foundational understanding that can be practically applied. The presentation highlights various lease structures, starting with the triple net lease, which is widely used. In a triple net lease, tenants are responsible for base rent along with property taxes, building insurance, and common area maintenance. Essentially, tenants bear all property-related expenses while the landlord is typically insulated from these costs. By the end of the video, viewers will have a fundamental grasp of commercial lease concepts.
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