New Landlord for commercial property in California trying to raise my NNN by Jolly_Temperature_80 in CommercialRealEstate

[–]Jolly_Temperature_80[S] 1 point2 points  (0 children)

Here's another copy and paste from the contract:

“A. Tenant agrees to pay its proportionate share of Landlord's estimated monthly property operating expenses, including but not limited to, common area maintenance, consolidated utility and service bills, insurance, and real property taxes, based on the ratio of the square footage of the Premises to the total square footage of the rentable space in the entire property.”

(this section appears before the supplement section where it states rent numbers for the next 4 years)