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A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Another variation of the NNN lease is the NN lease, or "Net-Net" lease, which is pronounced "double net" where the "net" amounts generally are property tax and insurance. [1] Double net leases, like triple net leases, are usually, though not always, single-tenant arrangements. However, the landlord carries some extra financial maintenance ...
Companies can focus on growing their business without the complexities of net leases. Rent calculations can be made by analyzing or based on historical data for the property. The landlord and tenant can also agree on the amount and terms of the lease. A gross lease may cost the tenant more than if the property were used under a net lease.
For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
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Storefront of a food shop in Kaunas. A storefront or shopfront is the facade or entryway of a retail store located on the ground floor or street level of a commercial building, typically including one or more display windows. A storefront functions to attract visual attention to a business and its merchandise. [1]
A coffeehouse, coffee shop, or café (French: ⓘ), is an establishment that serves various types of coffee, espresso, latte, americano and cappuccino. Some coffeehouses may serve iced coffee among other cold beverages, such as iced tea , as well as other non-caffeinated beverages.