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Triple Net Lease for Commercial Real Estate

Lease Commercial Estate

Name: Triple Net Lease for Commercial Real Estate
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (257 reviews)

Category:

Landlord Tenant - Commercial Leases

State:

Multi-State

Control #:

US-01668-AZ-4

Format:

Instant download

Description Triple Net Commercial

This form is for the lease of a commercial building. The document also provides that this lease will in all respects be treated as a triple net lease with all costs and expenses paid for by the lessee, including, but not limited to, real and personal property taxes; fire, casualty, theft, and liability insurance; trash removal; water, gas, electricity and other utilities; repairs and maintenance and all improvements.

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FAQ

The most obvious benefit of using a triple net lease for a tenant is a lower price point for the base lease. Since the tenant is absorbing at least some of the taxes, insurance, and maintenance expenses, a triple net lease features a lower monthly rent than a gross lease agreement.

NNN leases are considered to be one of the most secure investment opportunities. This is because, similar to bonds, single-tenant net-leased properties provide steady and predictable returns over time.

Why are triple net leases a good investment? Because single-tenant triple net (NNN) properties can provide some of the most reliable income streams in the commercial real estate investment industry.

As the triple net property owner (unless otherwise specified in the NNN lease), you'll generally be responsible for maintaining and repairing these 3 main aspects of your building: Roof (repairs, maintenance, upgrades) Exterior Walls. Utility Repairs and Upkeep (for major things such as plumbing and electricity)

A triple net lease (triple-Net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property including real estate taxes, building insurance, and maintenance.

In a triple net lease (also referred to as a NNN lease), the tenant pays all expenses associated with the property. This includes real estate taxes, building insurance, maintenance (including structural repairs), rent, and utilities.

More info

A triple net lease is one of three types of net leases, a type of real estate lease where a tenant pays one or more additional expenses. A tenant is liable for their pro-rata share of real estate expenses for the entire property.There are three major flavors of commercial real estate leases Full Service Leases, Net Leases, and Gross Leases. Bascially, the tenant pays most or or even all the expenses. Item 9 - 502 — Historically, triple net refers to leases where a tenant rents an entire freestanding commercial building and pays for all property expenses. Triple net leases are the most popular type of commercial lease for free-standing buildings with a single tenant. Landlords negotiate several types of leases on commercial property. These include gross lease (also known as a full-service lease), net lease, and modified gross lease. 3. Triple net lease. Also known as a net-net-net lease, an NNN agreement means the tenant pays rent and all additional expenses.

Lease Commercial Estate

Description Triple Net Commercial

Triple Net Commercial Real Estate Related forms

How to fill out Triple Net Lease For Commercial Real Estate?

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FAQ

Is a triple net lease a good idea?

Why would a commercial landlord insist on a triple net lease?

Is NNN lease a good investment?

Are triple net leases a good investment?

Who pays for a new roof in a triple net lease?

Who is responsible for the roof in a triple net lease?

What is a triple net lease in commercial leasing?

Who pays for structural repairs in a triple net lease?

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