In commercial leases, landlords generally collect rent using the Gross Rent or Net Rent method. Gross Rent refers to rent that includes the outgoings of the shopping centre or building. Net Rent means that, in addition to the rent, the tenant must pay the outgoings of the shopping centre or building separately.
Some specific terms, such as “semi-gross rent” or “triple net lease,” are also used. If you have any questions, please contact Stephen Kwok at Ensure Legal.
