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Triple net leases are one of the most widely used types of commercial real estate leases. In this arrangement, the tenant pays rent, a share of property taxes, a share of insurance, and a fixed fee for common area maintenance and operating expenses.
The landlord of a commercial space for rent may require the following: Security deposit (e.g., one months rent or more) Financial statements. Profit and loss statements. Balance sheet. Business bank statements. Previous landlord information. Credit reports. Business tax returns.
The triple net lease (NNN lease) is popular among commercial warehouses. In this setup, the tenant covers the base rent, property taxes, insurance, and Common Area Maintenance (CAM).
Double net lease The landlord/owner covers all maintenance and repairs. This is the most common lease type in a multi-tenant building. For example, if a tenant rents 10% of the building, theyre obligated to pay 10% of the insurance and property taxes.
A business lease can be much more affordable up front, providing your business with more liquidity. Buying commercial property can potentially require you to pay six times more in up-front costs than you would if you leased the same property.
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Understanding Percentage Leases This type of lease agreement is commonly used when retailers or restaurateurs are joining a multi-tenant retail space like a mall, shopping center or mixed-used development. In this arrangement, tenants pay a base rent plus a percentage of their gross sales revenue to the landlord.

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