This form is a lease agreement on a property where the tenant or lessee agrees to pay all Real Estate Taxes (Net), Building Insurance (Net) and Common Area Maintenance (Net) on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with repairs or replacement of the structural building elements of the property.
Arizona Triple Net Commercial Lease Agreement Overview: A Triple Net (NNN) Commercial Lease Agreement is a common type of rental agreement in the real estate industry that is widely used in Arizona. This agreement is typically established between a landlord and a tenant for the rental or lease of commercial properties, such as retail stores, office spaces, or industrial buildings. In Arizona, there are different types of Triple Net Commercial Lease Agreements, including Single-Tenant Net Lease, Double-Net Lease, and Absolute Net Lease. Single-Tenant Net Lease: This type of Arizona Triple Net Commercial Lease Agreement holds the tenant fully responsible for paying property taxes, insurance premiums, and maintenance costs in addition to the base rent. Under this agreement, the landlord only remains responsible for structural repairs and major maintenance expenses. Double-Net Lease: In an Arizona Double-Net Lease Agreement, the tenant assumes responsibility for property taxes, insurance premiums, and partial maintenance costs. However, the landlord retains the responsibility for structural repairs and may cover other major expenses. Absolute Net Lease: An Absolute Net Lease in Arizona places the maximum financial responsibility on the tenant. In addition to the base rent, the tenant is solely responsible for all property-related expenses, including property taxes, insurance premiums, maintenance costs, and structural repairs. This type of lease agreement is common for properties that require minimal landlord involvement. Keywords: Arizona, Triple Net Commercial Lease Agreement, Real Estate Rental, Single-Tenant Net Lease, Double-Net Lease, Absolute Net Lease, property taxes, insurance premiums, maintenance costs, retail stores, office spaces, industrial buildings, landlord, tenant, rental agreement, lease agreement, real estate industry, base rent, major expenses, structural repairs, property-related expenses.
Arizona Triple Net Commercial Lease Agreement Overview: A Triple Net (NNN) Commercial Lease Agreement is a common type of rental agreement in the real estate industry that is widely used in Arizona. This agreement is typically established between a landlord and a tenant for the rental or lease of commercial properties, such as retail stores, office spaces, or industrial buildings. In Arizona, there are different types of Triple Net Commercial Lease Agreements, including Single-Tenant Net Lease, Double-Net Lease, and Absolute Net Lease. Single-Tenant Net Lease: This type of Arizona Triple Net Commercial Lease Agreement holds the tenant fully responsible for paying property taxes, insurance premiums, and maintenance costs in addition to the base rent. Under this agreement, the landlord only remains responsible for structural repairs and major maintenance expenses. Double-Net Lease: In an Arizona Double-Net Lease Agreement, the tenant assumes responsibility for property taxes, insurance premiums, and partial maintenance costs. However, the landlord retains the responsibility for structural repairs and may cover other major expenses. Absolute Net Lease: An Absolute Net Lease in Arizona places the maximum financial responsibility on the tenant. In addition to the base rent, the tenant is solely responsible for all property-related expenses, including property taxes, insurance premiums, maintenance costs, and structural repairs. This type of lease agreement is common for properties that require minimal landlord involvement. Keywords: Arizona, Triple Net Commercial Lease Agreement, Real Estate Rental, Single-Tenant Net Lease, Double-Net Lease, Absolute Net Lease, property taxes, insurance premiums, maintenance costs, retail stores, office spaces, industrial buildings, landlord, tenant, rental agreement, lease agreement, real estate industry, base rent, major expenses, structural repairs, property-related expenses.