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Make Fillable Triple Net Lease Agreement

Make Fillable Triple Net Lease Agreement

Aug 6th, 2022

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How to Make Fillable Triple Net Lease Agreement

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A triple net lease is a lease agreement between a commercial property owner or manager and a tenant, commonly used in retail and industrial settings. The "three nets" refer to the tenant's responsibilities for property insurance, real estate taxes, and common area maintenance. Expenses are typically estimated annually and included in the monthly rent. At year-end, if actual costs are lower than estimated, the tenant receives a refund; if higher, the tenant pays the difference. Tenants often request that the triple net amount be capped to manage potential costs. Additionally, a free lease template is available for those interested.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How do I create a lease?

How do I sign a lease agreement online? Create a free account. Create your signature. You can use your finger or stylus to capture your signature or simply select a font. Upload any document. Drag and drop your signature. Email your signed document.

Does Google Docs have a lease agreement template?

Does Google Docs have a lease agreement template? With our website, you can have an effective rental agreement and easily hand it out to your new tenants confidently simply by downloading our Rental Agreement Template in Google Docs.

What is an example of a triple net lease?

With a triple net lease (NNN), the tenant agrees to pay the property expenses such as real estate taxes, building insurance, and maintenance in addition to rent and utilities.

What is the downside of a triple net lease?

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.

Does Microsoft Office have a lease template?

Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.

What is a simple triple net commercial lease agreement?

A triple-net (NNN) commercial lease agreement is a contract between a landlord and a tenant that pays for the three (3) nets, property insurance, real estate taxes, and common area maintenance (CAM). These costs are usually estimated for the year and incorporated into the rent on a monthly basis.

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