Ads
related to: nnn triple net lease meaning commercial property contract sample documentrocketlawyer.com has been visited by 100K+ users in the past month
- Sublease Agreement
Iron Out Your Sublease Agreement
w/Our Consent to Sublease Form!
- Ask A Lawyer
Get Legal Advice in Minutes. Real
Lawyers. Real Answers. Right Now.
- Business Formations
Protect Your Assets.
Make Your New Venture Official.
- Save With Rocket Legal+
One Membership For Everything Legal
The Membership That Pays For Itself
- Sublease Agreement
eforms.com has been visited by 10K+ users in the past month
Search results
Results from the WOW.Com Content Network
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.).
The term "Net Lease" is tossed around loosely in the net lease industry, often used when referring to a triple or double net lease; [citation needed] however, there is a definite distinction between a triple net and a double net lease even though some brokers erroneously use the term "Net Lease" to describe both.
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
Triple net lease is a term used in real estate to describe a property owner that leaves all of the expenses to its renters. Realty Income is a leader in this space. Natural Resource Partners uses ...
In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances of a material casualty/condemnation.
[7] [8] Typical triple net leases require tenants to be responsible for paying rent, utilities, maintenance, HVAC expenses, roofing repairs, and even property taxes. Hell or high water leases take the typical triple net lease a couple steps further by making the tenant to be responsible for every fathomable expense related to the property ...
Ads
related to: nnn triple net lease meaning commercial property contract sample documentrocketlawyer.com has been visited by 100K+ users in the past month
eforms.com has been visited by 10K+ users in the past month