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Chapter 10 Commercial Leases. Types of Rent Clauses. Gross rent Net rent Triple net rent Flat rent or fixed rent Percentage rent Combinations of above CPI adjustment clauses CAM (Common Area Maintenance costs). Square feet tenant rents Total square footage maintenance.
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Chapter 10 Commercial Leases
Types of Rent Clauses • Gross rent • Net rent • Triple net rent • Flat rent or fixed rent • Percentage rent • Combinations of above • CPI adjustment clauses • CAM (Common Area Maintenance costs)
Square feet tenant rents Total square footage maintenance Common Area Maintenance Formula X Total costs = Amount tenant pays in CAM
Issues in Shopping Center Leases • Anchor tenant • Requirement of operation • Anticompete clauses and antitrust laws • Substitutions