what does mg mean in a lease
Lease rate: $5.00/SF/YR NNN (NNN = $3.25) This means that if you are renting a space that is 1,000 SF then your rent per month will be: $687.50/mo plus utilities. MG â Modified Gross â In this type of lease rate one would have the base rent and the NNN expenses already accounted for. So, the only extra charge would be the utilities.