Waltham Fields Commuity Farm: Thank you for 20 great years!

Thank you for 20 great years!

We’ve ended our 2nd decade with an incredible season of vegetable production and education on the farm – distributing over $100,000 worth of organically-grown vegetables to low-income households in Greater Boston, engaging over 600 youth in the Learning Garden, and participating in numerous public events and efforts to strengthen regional agriculture.

http://www.communityfarms.org

Small Business Owners Commercial Leasing Tip #2: What are you paying for rent? Do you have one of these: Net Lease, Net-Net Lease, Triple Net Lease or Modified Gross Lease.

Traditional Definitions of Rent:

A. Net Lease: Tenant Pays Real Estate Taxes
B. Net-Net Lease: Tenant Pays Real Estate Taxes and Insurance Premiums
C. Triple Net Lease: Tenant Pays Real Estate Taxes Insurance Premiums and Repairs
D. Modified Gross: What ever the lease says it is.

No matter which terms are stated in the lease, it’s the details that make the difference. Important questions to ask: Are the total pass-through costs such as Taxes and Insurance paid by the tenant? Does the tenant only pay an increase over a Base Amount?

Commercial leases are often confusing and unclear.  Often, the most confusing and complex provisions are about pass-through costs. Having your attorney review and negotiate your lease is a prudent investment to avoid costly surprises down the line.