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Look for foot traffic, accessibility, and a good neighborhood vibe—these can make or break your business! It’s like finding a gold mine; the right location can bring in customers by the droves.
When negotiating, it's always good to know what you want upfront. Be clear about the terms and don’t be afraid to ask for what you need, like caps on costs or longer notice periods for maintenance issues.
Absolutely! Tenants need to be ready to handle unexpected costs. If something breaks or needs major repairs, it’s usually on them, which can sometimes be a double-edged sword.
You’ll commonly find triple net leases in commercial properties, like retail spaces and office buildings. It's all about creating a predictable income stream for landlords.
Choosing a triple net lease can be a smart move, as it often offers lower rent prices. This way, the landlord isn't on the hook for extra expenses, which can appeal to both parties.
In simple terms, a triple net lease means the tenant is responsible for paying all the property expenses, including property taxes, insurance, and maintenance costs, on top of the rent.
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