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What is triple net in real estate?

Updated: 9/17/2023
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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.

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Can A Texas Real Estate Broker take a Net Listing?

Yes, texas real estate broker can take a net listing.


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 triple net?

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 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.


In California real estate broker take a net listing?

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What is an NNN Lease?

NNN lease means triple net lease which is common in commercial leases. "Net Lease" is a term used to signify a lease structure in which the tenant or lessee is responsible for paying a portion all of the common expenses related to real estate ownership.


Were to go to school for real estate?

There are a lot of online real estate school on the net. First you should consider your location because there are different state requirements for real estate agents. Check your Real Estate Commission for the required hours needed for you to become a real estate salesperson. I have attached a link for you, they offer cheap real estate courses online and I hear good feedback about this real estate school you should check them out.


What does NOI stand for in real estate?

Net Operating Income - typically used in residential investment or commercial real estate to refer to the income derived from owning the investment after all the expenses and taxes are paid.


What is the difference between real estate tax and estate tax?

Real estate tax is tax that is levied on buildingsor other real estate that you possess, be it your own home, a holiday cottage, land or an office building.Estate tax is tax levied on the net worth of all your possessions. The term 'estate' is most commonly used to describe the possessions of someone who has died.


How are single-tenant net leased assets valued?

Unlike traditional real estate investments whose valued is determined exclusively by the real estate itself, a single-tenant, net-leased property's value is determined by a combination of factors including the tenant's credit, the length of the lease and rental escalations over the term, and, last but not least, the real estate. In markets where the real estate experiences wide valuation swings, a single-tenant, net-leased property will maintain its value because of its bond-like, long-term lease and the credit tenant guaranty for the lease.


How much is Jake orife worth?

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Upkeep is the cost related to equipment you own. You need real estate to offset that upkeep and give you a net positive income. Make sure to buy real estate using a good ROI calculator.