What does Fully-Serviced Lease mean?

Fully-Serviced Lease, on the other hand, refers to a commercial or industrial lease where the landlord is responsible for providing all the services and infrastructure required for the tenant to operate their business. This type of lease includes services such as utilities, janitorial services, and even security. Fully serviced leases can be beneficial for tenants who want a turn-key solution and not have to worry about the upkeep of the property.

Related Terms

Homeowners' Insurance Hours of Operation (In a Lease) Annual Percentage Rate (APR) Construction Loan Co-Insurance Seller Carry-Back Two- To Four-Family Property Contingency Contract Half-Bath No Cash-Out Refinance Recorder Access Queen Anne Style Building and Loan Association Lease Standard Payment Calculation Total Expense Ratio Floor Area Ratio