Subject to particular lease agreements, most commercial retail spaces are measured from the midpoint of all common walls to the outside surface of the predominant building material of the exterior walls. Office buildings typically carry a load factor which includes a percentage of public areas such as lobbies and corridors.

All leases require that tenants carry commercial general liability and property damage insurance in an amount of at least one million dollars combined single limit. Higher limits may be required in some cases. In all cases, the landlord is required to be named as an additional insured. DH Management requires that tenant provide evidence of…

Commercial properties are required to comply with sign codes and ordinances applicable in the city in which they are located. Signage in some commercial centers is controlled by operating agreements between property owners. In addition, most properties have an individual sign criteria incorporated into their leases. The sign criteria generally allow for a facade sign…

A tenant’s pro-rata share is the percentage that the square footage of the leased premises bears to the gross leasable area (GLA) of the property.

NNN expenses include common area maintenance expenses, real property taxes and insurance. A budget of estimated CAM, insurance and Real Property Tax expenses is set every year. Each tenant’s pro-rata share is calculated and tenants are billed prorata of the annual estimate each month. At the end of each year, we compare the actual expenses…