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"The rental agreement documented that the building had water and electricity included, but investigators determined the building had no active water or electric utilities in service during the ...
If utilities are already included in the rent, ask for a cap on future increases to dodge surprise hikes. Landlords usually prefer covering part of the utility costs since they often get bulk-rate ...
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.).
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
A gross lease allows the tenant to pay a fixed fee in exchange for exclusive use of the property. [3] [4] [5] Landlords typically calculate a rent amount that reasonably covers the cost of rent, standard utilities, and other expected and day-to-day expenses. [6] In a gross lease, the rent is primarily paid by the tenant.
The name "NNN" refers to the real estate term "triple net lease" under which a commercial tenant is responsible for all its operating costs. This may include property taxes, building repairs ...
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