Are triple net leases worth it?

NNN Properties in California are an excellent investment option. They offer greater cash flow, appreciation potential, and diversification. If you're looking for a safe investment that will pay off over time then it's definitely worth considering NNN properties in California!

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Triple Net Commercial Lease Agreement - Real Estate Rental

Bronx New York Triple Net Commercial Lease Agreement - Real Estate Rental

Name: Bronx New York Triple Net Commercial Lease Agreement - Real Estate Rental
Brand: US Legal Forms
Rating: 4.79 (249 reviews)

Category:

Landlord Tenant - Commercial Leases - Triple Net

State:

Multi-State

County:

Bronx

Control #:

US-00794BG

Format:

Instant download

Description

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.

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FAQ

NNN is a good investment vehicle because it's a source of passive income with minimal responsibilities for the landlord. Tenants also benefit from a lower base rental rate than a gross lease agreement.

NNN Properties in California are an excellent investment option. They offer greater cash flow, appreciation potential, and diversification. If you're looking for a safe investment that will pay off over time then it's definitely worth considering NNN properties in California!

Example of Calculating Monthly Rent in a NNN Lease Let's say an office building has a quoted rate of $30 NNN. This means that the rent is $30 per square foot per year PLUS the NNN. The estimated operating expenses (aka NNN) are $10 per square foot per year. The total yearly rent you would pay equals $40 sf per year.

Cons of a Triple Net Lease-Tenants Tax Liabilities: Because the tenant is responsible for annual property taxes in a triple net lease, this also means that they will be prone to all the liabilities of taxes as well, including fines and penalties for late or incorrect tax remittance.

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.

From an investor standpoint, NNN Leases/Triple Net Leases offer a stable long-term real estate investment where the owner/investor has very little to do with the active management of the property. Normally, these leases are with credit worthy tenants with corporate guarantees.

Calculating a Triple Net Lease Triple net leases are calculated by adding the yearly taxes on the property and the insurance for the space together and dividing that amount by the building total rental square footage.

A triple net lease is the flipside to a gross lease, where the tenant pays a simplified, all-inclusive rent to the landlord, who uses that cash to cover the expenses of running the building as they see fit.

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25 billion as part of a triple-net lease agreement. Looking to buy or sell a home?We've got you covered!

Bronx New York Triple Net Commercial Lease Agreement - Real Estate Rental

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FAQ

Is NNN lease a good investment?

Are triple net leases worth it?

How does NNN calculate rent?

What is the downside of a triple net lease?

What is typically included in a triple net lease?

What is the benefit of a NNN lease?

What are the disadvantages of triple net lease?

How rent is calculated in triple net lease?

What is the difference between a gross lease and a triple net lease?

Interesting Questions

What is a triple net lease agreement in Bronx real estate?

Is it common for commercial properties in the Bronx to have triple net leases?

What are the advantages of a triple net lease agreement for landlords?

What are the advantages of a triple net lease agreement for tenants?

Are there any potential disadvantages to a triple net lease agreement for tenants?

How are property taxes handled in a triple net lease agreement?

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