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Send Triple Net Lease Agreement via Fax

Send Triple Net Lease Agreement via Fax

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Aug 6th, 2022

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How to Send Triple Net Lease Agreement via Fax

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A triple net lease is a lease agreement between a commercial property owner or manager and a tenant, typically used for retail, industrial, and freestanding buildings. The term "triple net" refers to the tenant's responsibility for three specific costs: property insurance, real estate taxes, and common area maintenance. These expenses are usually estimated annually and incorporated into monthly rent. At year-end, if costs were lower than estimated, the tenant receives a refund; if higher, they owe the difference. Tenants often request a cap on the triple net amount to limit their potential expenses. Additionally, free lease templates for triple net leases are available.

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