Among the most common questions asked by our clients is, “So what is the total gross rent that we will be paying?”  The answer to this question starts by stating that each building can be slightly different and most landlords have different definitions as to what constitutes gross rent for the space they are leasing.

The simplest approach as far as tenants are concerned, gross rent will include all real estate costs associated with renting a space ( except sales tax in Florida):

• Base Rent
• Property Taxes
• Building Insurance ( Landlord’s)
• Common Area Maintenance (CAM’s)
• Building Management
• Parking Costs
• Gas & Electric Utilities
• Janitorial
• Trash Removal
• Tenant Insurance
• Tenant Improvements

1. Gross Rent Example Two (Modified Gross “MG”): Base Rent + Additional Rent (Utilities?) = Gross Rent Additional Rent varies from property to property, so always ask what additional rent includes. Gross Rent / 12 months = Monthly Gross Rent