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A triple net lease (Net-Net-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, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area.
This form of lease is frequently used for commercial freestanding buildings. However, it has also been used in single family residential rental real estate properties.
Heath Smitham
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Does tenant has to pay utilities charges Under triple net lease .?
Triple Net Lease - with a triple net lease the tenant pays a base rent, taxes, insurance and also any charges for repairs and maintenance of the property.
Does the tenant pay depreciation under a triple net lease?
yes
What commercial lease is not commonly used Triple net lease Gross lease Net lease double gross lease double net lease?
Rent based on a percentage rent.
What is a modified net lease?
The modified net lease is a compromise among the gross lease and the triple net. The landlord and tenant usually set up a divide of maintenance expenses, while the tenant agrees to pay taxes and insurance.
What is a net lease?
Triple net leaseA triple net lease (Net-Net-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, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area.
What is the net worth of DJ Paul?
60 million plus triple six mafianiggas the sh*t fo sho
As a triple net lessee do you have the right to ask the landlord for copies of invoices for common charges as proof of what he is charging you?
Your rights as a tenant are limited to what is in your lease. Most triple-net leases give the tenant the right to "audit" the landlord's books to verify invoices for common charges. So, the answer is "Usually -- but you have to read the lease to find out."
What is triple net in real estate?
The triple net in real estate 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.
What are the net yearly profits earned by the ten largest cosmetic companies?
The net yearly profits are approximately 250,000,000. That's triple of the yearly profits last year. Proactiv seems to be the leading competitor this year.
What is triple net lease?
A triple net lease (Net-Net-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, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area.This form of lease is frequently used for commercial freestanding buildings. However, it has also been used in single family residential rental real estate properties.
What was yahoos net revenue in 1998?
$203.27 million. The profit was nearly triple the company's 1997 revenue through an uptick in users.
Where is the company NNN Properties based?
NNN Properties is also known as Triple Net Properties. There is no such company named NNN Properties because NNN simply means Net, Net, Net where the tenant pays all real estate taxes, maintenance of the building and building insurance aside from paying the utilities like electricity, water and garbage collection if applicable. An example of a company dealing with NNN Properties is Loopnet. There is also a single Net and a double Net but that is another story.
