What does Mgr mean in real estate?

What does Mgr mean in real estate?

Modified Gross Lease
What Is a Modified Gross Lease? A modified gross lease is a type of real estate rental agreement where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.

What is caste of MGR?

Early life and background. Maruthur Gopala Ramachandran was born in Kandy, Sri Lanka, in the Malayali family of Melakkath Gopalan Menon, a Palakkad Mannadiyar Nair and Maruthur Satyabhama, a Vadavannur Vellalar from Palakkad, in the modern-day state of Kerala.

What is CAM in real estate?

CAM charges are the costs of common area maintenance that landlords pass on to their tenants. These maintenance costs can be related to any cost of managing and maintaining the commercial property.

What is the age of MGR?

70 years (1917–1987)
M. G. Ramachandran/Age at death

What does mg mean for rental property?

Modified Gross
MG (Modified Gross) refers to a specific type of Lease where the tenant or lessee pays a defined base rental rate at the inception of the lease term but in subsequent years will pay a slightly different amount based on property taxes, common area fees (i.e. – maintenance work or exterior paint on a multi-tenant …

What is CAM for rent?

Common Area Maintenance (CAM) expenses are fees paid by tenants to landlords to help cover costs associated with overhead and operating expenses for common areas. It is important to have a clear understanding of these expenses before signing a new lease.

What does FS mean in a lease?

A full service lease, sometimes called a gross lease, is defined as a lease structure where the landlord is responsible for paying all operating expenses for the property.