aintenance Pool

"Leases" describes a category of transaction opportunity offered by MDOT to the private sector and is specific to a property purchased for long-range project purposes that can be leased from the State on an interim basis. The opportunity may or may not include the rental of an improvement on the property.

Long-term non-cancelable commitments. In a lease, the lessee acquires the right to use property owned by the lessor. Even though no legal transfer of title occurs, many leases transfer substantially all the risks and ownership benefits.

Net lease – Base rent plus tenant pays directly a share of real estate taxes. Triple-net lease – Base rent plus tenant pays directly a share of real estate taxes, insurance, maintenance, repair and operating expenses.