The Clear LeaseTM includes base rent but then fixes all operating and capital expenses, except for property taxes, for the term of the lease. The Clear LeaseTM also expands Prologis' industry-leading property management capabilities to include HVAC and warehouse ventilation—which is not included in a triple net lease.
Property Management that Exceeds Customer Expectations
Prologis is committed to building enduring relationships with our customers and maintaining our properties for the long term. Leveraging our experience and scale, we designed the Clear LeaseTM to better serve our customers and more efficiently manage our properties.
With the Clear LeaseTM, customers can continue to count on Prologis’ industry-leading property management team to address day-to-day needs and provide best-in-class maintenance—all without having to deal with unexpected expenses and year-end reconciliations.