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A steady and predictable income stream for landlords, triple net lease is also known as the NNN lease. (In case of single net lease, a tenant needs to pay property tax; in a double net lease, he would pay property tax and insurance; in a triple net lease, he would pay property tax, insurance and maintenance.)
What is a triple net lease example?
Double net leases include property taxes and insurance premiums, in addition to the base rent. A triple net lease includes property taxes, insurance, and maintenance costs, in addition to the base rent.
What is a NNN lease agreement?
A triple net lease (triple-net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance.
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 significantly increase your monthly maintenance and repair costs.
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List of enacting clauses - Wikipedia
An enacting clause is a short phrase that introduces the main provisions of a law enacted by ... "The Procurement and Contract Administration Act, 2011" (PDF).
Development of a Standard Connection Agreement for Small ...
Development of a Standard Connection Agreement for Small Grid-Connected Renewable Energy Systems Discussion Paper January, 2004 Robert Passey1 David Roche2 ...
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