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An NNN Lease is a net lease, structured as a turnkey investment property in which the tenant is responsible for paying the three major expenses associated with commercial real estate ownership. More information can be found on several different websites or within a real estate manuel.
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∙ 10y ago
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Where can one find and buy NNN properties for sale?
One can find NNN properties for sale at LoopNet. KPI Brokers, Inc., TM 1031 Exchange, and nnnEX allow a person to find NNN properties for sale as well.
What are the largest Global industries by revenue?
1 International trade in illegal drugs @ $ 400 Billion (source: UN stats) 2 International arms trade @ $ 390 Billion 3 International energy (oil & gas) @ $ nnn? Insurance industry is in fact the world's largest.
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.
How do commercial leases differ from residential leases?
Commercial leases are generally locked up for a much longer term then residential leases, and it's much, much harder to break a commercial lease. One big difference between commercial leases and residential leases that a lot of people don't realize is that commercial leases are not subject to many of the consumer protection laws that residential leases are. Make sure you know what you're getting into before signing. Most commercial leases are NNN which require the lessee to pay all utilities, insurance, and property taxes. Most residential leases are on a Gross rental basis and do not directly pay NNN charges. Commercial Appraiser http://www.harriscompanyrec.com
How do you spell the whimpering sound a dog makes?
nnn...nnn...nnn ~ see related link below for more onomatopoeia sounds .
How you can be more sensing?
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Where can one find and buy NNN properties for sale?
One can find NNN properties for sale at LoopNet. KPI Brokers, Inc., TM 1031 Exchange, and nnnEX allow a person to find NNN properties for sale as well.
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.
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I'm not sure what you mean by "ghobby." Could you please provide more context or clarify your question?
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Its Chamber is part of bicameral federal legislature
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