Commercial Real Estate Leasing Terms and What They All Mean

If you’ve done a search for commercial real estate listings in Edmonton lately, you might have been surprised (or angered!) by how the various listing services and websites quote lease rates.  Here are a few examples of how different the terminology can be: Loopnet, which is owned by Costar, tends to report lease rates as[…]

Net Rent, Gross Rent & Net Effective Rent

Question: What’s the difference between Net Rent, Gross Rent and Net Effective Rent (NER)? Answer: It’s important to view the terminology in context of the entire document (which is generally an Offer to Lease or a Formal Lease / Standard Lease). The term Net Rent generally implies that the tenant pays rent plus property taxes,[…]