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A lease-plus agreement is a type of contract in facilities management that combines the benefits of a traditional lease with additional services and support provided by a facilities management company.
In a lease-plus agreement, the Property Management Company (PMC) leases the building or space from the property owner and then sub-leases it to the tenant. In addition to providing the space, the PMC arranges for or delivers services such as maintenance, cleaning, security, and other support services.
The lease plus agreement benefits both the property owner and the tenant. For the property owner, it ensures that the building is well-maintained and managed, which helps protect the property's value. For the tenant, it provides additional services and support that help to ensure a safe and comfortable work environment.
In summary, a lease-plus agreement combines a traditional lease with additional services and support provided by the facility management company, providing benefits to both the property owner and the tenant.