Quoted from Coz:
Great info! One place I’m looking at is in a shopping center. 1200sq ft for about $1000 plus utilities. Only requirement is agree to one year lease. I met with the building manager and they take care of the hvac unit. I will definitely ask lots of questions before anything is official.
That would be considered modified gross by what you’ve described. Be sure it’s in writing though! NNN leases are generally cheaper and appear to be more appealing. You don’t want to inherit a landlords headache though, so I’d avoid it if possible.
I’d also highly recommend having lease extension options in writing. You don’t want to have a great first year and end up having to look for a new space. My current lease is written as three years with two additional three year option (at a certain % increase).