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commercial leasing can be confusing what are triple net full-service gross and modified gross leases today were talking about commercial lease structures and the differences between each one commercial real estate like many other industries is full of its own lingo if youre looking to lease commercial space youve likely run across phrases such as triple net or full service whenever a broker or landlord was explaining what type of lease theyre using but what does that actually mean and maybe a better question why are certain lease structures utilized instead of others lets dive into what triple net or nnn full service gross fsg and modified gross mg mean and the differences between them triple net leases in a triple net lace the tenant pays the operating expenses for the building these leases are traditionally found in retail and stand-alone properties however in recent years the triple net lease structure is also finding its way into office and industrial too triple net stands fo
