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T.M.I. stands for Taxes, Maintenance and Insurance. In a net rent situation, the tenant will pay a portion of the landlords realty taxes, maintenance expenses and property insurance based on the percentage of the building the tenant is occupying.
Registering a commercial lease in the Land Register offers some protection to the tenant. Indeed, once a lease is properly published, it becomes enforceable against third parties.
In a net lease, the tenant pays a portion or all of the taxes, insurance fees, and maintenance costs for a property in addition to rent. Net leases are commonly used in the commercial real estate sector.
You register the lease by giving notice to the land register and it allows any interested party to see that a building is subject to a lease. This registration protects the tenant by ensuring that the new buyer of the building cannot terminate the lease before the end of its term.
A triple-net lease, often used with single-user industrial facilities, means that the tenant pays TMI - taxes, maintenance, and property insurance. Tenants also are responsible for all costs associated with their occupancy, including personal property taxes, janitorial services, and all utility costs.
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When seeking NNN properties for sale or a commercial retail outlet lease, it is vital to understand how CAM differs from NNN. CAM is an acronym for Common Area Maintenance, while NNN features three nets, including CAM, property tax, and insurance.
The main difference between a gross lease and a net lease is that in a gross lease the landlord is responsible for paying the operating expenses, while in a net lease the responsibility of the operating expenses falls on the tenant.

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