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What is a triple net lease? How are the expenses broken down? What else should you expect? All these questions are answered in this video, momentarily. Hello everyone!! Richard here to discuss all things commercial real estate. If you are new here, consider hitting that subscribe button below. Today we are going to discuss what triple net means for tenants. If you are a landlord or have a modified gross or full service gross lease, those videos are linked in the description below. But for tenants, we were going to break down a triple net lease, what other hidden expenses you can expect and finally bonus advice at the end. So lets get started! In a triple net lease, the rent is broken down into base rent and the triple nets the triple nets consists of real estate taxes, property insurance and CAMs CAM stands for common area maintenance. Now I know what youre thinking. Just base rent and triple nets? It cant be that simple. What other expenses should I expect? Outside of base rent an
