In this article, we explore:

• What commercial operating expenses are and how they impact your lease
• Differences in how operating expenses are handled in full service vs. triple net (NNN) leases
• Common items included in operating expenses, such as taxes, insurance, and maintenance costs
• How operating expenses are calculated and adjusted annually
• The importance of understanding operating expenses when securing the best lease for your business

If you are leasing any type of commercial space, you are most likely paying operating expenses, in addition to your monthly rent. As the name suggests, operating expenses are any costs associated with operating the leased property.