The triple net (nnn) commercial lease agreement is a real estate contract for non -residential property between landlords and a business tenant. The term.
· A triple net lease is when the tenant (lessee) is responsible for all the expenses, such as property taxes, insurance, maintenance, etc. In a triple net lease, the owner is not involved with the management of the property and cannot reasonably justify qualifying for.
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In the above triple net lease (NNN) of $1,850 per month the rent would be $1,850 per month X .06 = $1961.00 Total Monthly Rent. We want you to consider us as a part of your real estate team. The following is just a few of the services we provide:
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This Lease may be executed in counterparts and, when all counterpart documents are executed, the counterparts will constitute a single binding instrument. Landlord’s delivery of this Lease to Tenant is not be deemed to be an offer to lease and will not be binding upon.
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Triple net leases are commonly used in commercial properties, such as shopping malls and apartment buildings. For example, under a triple net lease of an apartment buiding, a lessee may agree to manage the property, rent the apartments, maintain the building, and pay.
A triple net lease (or "nnn" lease) is a form of real-estate lease agreement where the tenant or lessee is responsible for the ongoing expenses of the property, including real estate taxes.
Most retail leases are triple net leases in which the landlord is charging base rent but also passing along "Additional Rents." Commercial tenants looking for retail space should know the total rent is the base rent plus the triple net (NNN) charges.