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In a Triple Net Lease, the tenant typically pays the property taxes directly as part of their obligations. So, you’re not just paying rent; you’re also covering the tax man’s share!
Yes, you can definitely negotiate terms. It’s all about getting a deal that works for both parties. Just be clear about what you want and what you can offer.
While they can be beneficial, turning a blind eye to maintenance or other costs can backfire. Keeping an eye on tenant’s responsibilities is vital to avoid surprises down the road.
Absolutely! For investors, a Triple Net Lease creates consistent income with less management hassle. It’s like a set-it-and-forget-it situation.
You’ll often find Triple Net Leases used in commercial spaces, like retail stores, restaurants, and warehouses. They’re commonly used when a long-term tenant is involved.
Choosing a Triple Net Lease can be a smart move if you want predictable expenses. It allows tenants to have more control over the property compared to a traditional lease.
A Triple Net Lease, often called NNN, means the tenant covers not just rent, but also property taxes, insurance, and maintenance costs. It's a way for landlords to keep things straightforward.
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