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4% and 1.75% Net. What does this mean. Does it mean 4% on first years rent (base rent and operating costs) and then 1.75% on the balance of the year. OR is it the 4% on first year base rent excluding the operating costs. I am confused as to what the net after 1.75% means. Pleas advise.
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How long is the lease???? Is it over a year? Or only a year? That would better explain things.
Thanks!
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Yeah, I'm not sure.
I work with my broker on a property management contract so it's like 5% of all revenues.
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Metternich |
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