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Additions Triple
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Triple Net Leasing 101
Many real estate investors are looking for a safe place to put their money in, more so with the wild fluctuations of the financial market. One of the more popular choices is to invest in net-leased properties, sometimes called corporate bonds combined with real estate investments.
There are different types of common commercial leases in the United States. The two most common are full-service leases and net leases. A full-service lease means that there is a flat, usually unchanging, amount the tenant pays to the owner to occupy the space, typically based on the square footage of the property. Having a full-service lease also means that the owner pays, and is responsible for, all expenses related to the building, including insurance and property taxes.
In contrast, a tenant occupying a property with a net lease is responsible for paying rent as well as some or all of the operating expenses of the building such as taxes, insurance premiums, repairs or renovations, and utilities. Depending on how the lease is structured, leases of this type can be net-net-leases or triple net leases.
Specifically, a triple net (net-net-net or NNN) lease is a lease agreement on a property where the tenant agrees to pay all of the building's operating and maintenance expenses, taxes, and insurance. Furthermore, tenants in triple net lease properties are responsible for all expenses associated with the repair and maintenance of any common area. A triple net lease is a standard in leases of commercial properties such as malls and shopping centers.
Understandably, cost is the number one consideration most tenants will have when looking at triple net lease properties. The rent will be the base amount for occupying the space, and additional expenses for maintenance, insurance, and taxes will be added to the rent amount each month. How much is added largely depends upon the lease structure. Some owners divide expenses equally among tenants, while others pass through a portion of them.
You need to read the lease agreement very carefully and understand how much this will impact the terms (not to mention the costs) of your tenancy in such triple net lease properties. Furthermore, always keep in mind that an NNN lease is always negotiable, as well as every aspect of the lease. This is why you need to understand the lease contract. However, if you want to lower the additional costs, you may need to pay a higher base amount.
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Frequently Asked Questions...
Why is this triple libra so screwed up?
Hey. I am a triple Libra. Actually, in addition to the Sun, Moon, and Rising, Mercury, Venus, Saturn, and Pluto are all in Libra.
Libra is decent sign, I think. Yet, my whole life is a mess.
I tell people that I am weird. I feel that I do the opposite of what I should be doing, all the time.
Mars, Uranus, and Neptune are in Sagittarius and Jupiter is in Scorpio.
People describe me in ways characteristic of Libra (nice smile, argumentative, non-confrontational, lazy some times, indecisive)
Any insight will be appreciated.
Answer:
Woah dude. Nothing weird about that . Maybe you should get in the arts and play music . We can jam together LOL. With all those planets , you shoud be artisitc, and indecisive and a little lazy. But you have Mars and other planets in fire sign Sagittarius. That should give you energy to and with Jupiter in Scorpio might make you extravagant in love affairs and good to handle other people's money.
