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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.
a written agreement concerning a piece of property used as a bussiness
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.
One will find that the definition of the phrase net lease is something that is most commonly associated with commercial real estate. A net lease is a form of pass through lease. One example would be where the taxes are associated with the said property.
Some of the services are Corporate Real Estate, Commercial Property, Corporate Recovery, Building Consultancy, Valuation, Lease Advisory, Property Management Rating, Development, Planning, Regeneration, and finally, Asset Management.
Rent based on a percentage rent.
The Heatherwilde Medical and Professional Center in Austin, Texas has commercial office space for lease. There are also offices for lease at the Wells Fargo building in Austin, Texas.
A lessor is someone who grants a lease of something to someone. For example, in a commercial building lease scenario, the lessor is the landlord (building owner), and the tenant will be known as the lessee.
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.
A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.
A car lease is an individuals person lease for their car. A commercial car lease is the lease for a commercial vehicle which are used for businesses.
Having an office space for lease means that you have a building open to rent out to people looking to start a business. These areas can not be used as a residential home. Office space for lease means renting a commercial space in a local office building in town. This building will be use as office space for business.
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.
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.
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.
A person can obtain a commercial lease agreement by asking their landlord to create one. After this is done, a commercial lease between the tenant and the landlord will be made.
leasemls.com have a wide listing of commercial properties for lease and rent all over the country. It lets you choose which building type and for what use so you get to narrow down your search all the more.