Insert table in the Triple Net Lease Agreement effortlessly

Aug 6th, 2022
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How to Insert table in the Triple Net Lease Agreement

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whats up everybody steve here im gonna talk about two different triple net commercial investments that i have been part of recently and brokered the deals and i want to talk about them specifically one from the buyer side and one from the sellers side representing the buyer in one of the cases and representing the seller in the other case and if you guys are going to be buying into commercial properties specifically triple net leases were going to talk about uh some of the things that you do need to to watch out for if you guys are going to be investing in triple net properties but first before we get into those scenarios we need to know exactly what triple net means a lot of times you guys will see it if youre researching properties itll say nnn which is basically net net net meaning if you guys are um an owner of a commercial piece of real estate and you lease it to a tenant the tenant is usually responsible in a triple net lease theyre responsible for not only paying rent but

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Calculating a Triple Net Lease Triple net leases are calculated by adding the yearly taxes on the property and the insurance for the space together and dividing that amount by the building total rental square footage.
Triple net lease (NNN) is normally a commercial lease where the lessee pays rent and utilities as well as three other types of property expenses: insurance, maintenance, and taxes.
A triple net lease is an agreement between a property owner and a tenant where the tenant pays property taxes, insurance premiums, and maintenance upkeep and repairs, in addition to a monthly rental fee of the building or space.
A tenant is liable for their pro-rata share of real estate expenses for the entire property. For example, if the tenant is located in a strip mall renting 10,000 square feet, while their space is only 1,000 square feet, the tenant would be responsible for 10% of the NNN expenses.
On an NNN lease, tenants pay additional expenses in addition to the lease fee, to the landlord or lessor. The NNN fees includes property taxes, property insurance and common area maintenance for a building (CAM).
Drawbacks to a Triple Net Lease There is an inherent danger in using a triple net lease with regards to the unknown. Unexpected and substantial damage to the property could docHubly increase your monthly maintenance and repair costs.
How Triple Net Leases Work. A triple net lease works by a commercial property owner leasing a building or space to a tenant. However, instead of including all taxes, insurance, and common area maintenance (CAM) in the rent amount, the tenant pays an equal portion based on square footage.
A tenant is liable for their pro-rata share of real estate expenses for the entire property. For example, if the tenant is located in a strip mall renting 10,000 square feet, while their space is only 1,000 square feet, the tenant would be responsible for 10% of the NNN expenses.

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