What is a full-service lease?
A full-service lease is a type of commercial real estate lease in which the landlord is responsible for paying all operating expenses associated with the property, in addition to the base rent. This includes expenses such as property taxes, insurance, maintenance, and repairs. The tenant is typically only responsible for paying the base rent and any utilities that are not included in the lease.
A full-service lease is often used for office buildings and other types of commercial properties where the landlord is responsible for the overall maintenance and operation of the property. It is a convenient option for tenants who do not want to be responsible for paying operating expenses or managing the property themselves. However, it is important to carefully review the terms of a full-service lease to ensure that you understand what is included and what is not included in the lease.
For assistance with commercial leases, commercial lease renewals, or general guidance in regards to commercial lease agreements here in Anchorage or elsewhere in Alaska, feel free to reach out to me via cell, email, or my website and I'd be happy to assist.