Triple Net Lease: A type of lease where the tenant pays rent as well as certain landlord expenses such as utilities and property taxes. Do not sign a lease until you know what the triple net expenses are. Some net expenses can be as high as $.80 cents per square foot or more.

Parking Ratio: The number of parking spaces you are allowed based on how much square footage your store is. In retail space, a common rule of thumb is 5 parking spaces for every thousand square feet leased.

Open Parking: The most common type of parking in a shopping center where every parking spot the center has to offer can be used for any store in the shopping center. This works on a first come first serve basis.

Reserved Parking: Reserved Spaces are designated in the parking areas usually on a 24 hour per day basis and are to be used only by individuals doing business in that store.