What Is A Triple Net Lease ?
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The triple net lease is the most popular lease when it comes to commercial property, especially with industrial properties with more than one tenant and retail properties. In such properties the utility use can vary quite a bit, and it more beneficial for the landlord to go in for a triple net lease.More...
Definition Of A Triple Net Lease
A triple net lease is also referred to as true net lease. A triple net lease is a commercial leasing option wherein the landlord of the commercial property takes no responsibilities towards maintaining of the building. Here the landlord benefits in terms of finance as the onus of the upkeep falls on the tenant, who has the responsibility of maintaining the property and also ensuring that all improvements are done.More...
Gross Lease Vs Net Lease
There are differences between gross lease and net lease, and it can be useful to understand these differences not only for a tenant, but also for a landlord. Knowing the differences can have an impact not just on the taxes of the tenant, but also of the landlord.More...
Quadruple Net Lease
As the name suggests, in quadruple net lease, the tenant has the responsibility to pay for four things. These are property taxes, insurance costs, common area maintenance costs and utilities. In addition, the tenant also pays the landlord money towards the rent and some operational expenses.More...
Triple Net Lease Agreement
A triple net lease agreement is very popular when it comes to leasing of a commercial property. The reason for this is simple. The property owner does not have to take time out and spend money on maintaining the state of the building. It is the tenant who has the responsibility of paying not just a nominal rent, but also bearing all the expenses related to taxes, insurance, and maintenance.More...
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