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

Clark Nevada Triple Net Commercial Lease Agreement - Real Estate Rental

Name: Clark Nevada 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:

Clark

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

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.

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, also known as an NNN Lease, is a lease in which the tenant agrees to pay their pro-rata share of all expenses associated with property maintenance, taxes, and insurance, in addition to a predetermined base rental rate. These expenses are commonly referred to as operating expenses.

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.

Triple Net Leases A tenant will pay a monthly base rent, along with property and real estate taxes, insurance on the building, and substantially all maintenance costs. Maintenance costs in a triple net lease will generally include both operational expenses and capital expenditures.

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!

In a single net lease, the tenant pays a lower base rent in addition to property taxes. 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.

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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Clark Nevada Triple Net Commercial Lease Agreement - Real Estate Rental

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What is the benefit of a NNN lease?

What are the disadvantages of triple net lease?

Is a triple net lease an operating lease?

What is the downside of a triple net lease?

What is typically included in a triple net lease?

Is a triple net lease a capital lease?

Are triple net leases worth it?

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

What is a triple net operating lease?

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

Interesting Questions

What is a Clark Triple Net Commercial Lease Agreement?

What does 'Triple Net' mean in a commercial lease?

Who is responsible for property taxes in a Clark Triple Net Commercial Lease Agreement?

What does the term 'Net' mean in a commercial lease?

Can the tenant negotiate the terms of a Clark Triple Net Commercial Lease Agreement?

What are the common lease terms for a Clark Triple Net Commercial Lease Agreement?

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