What are the best triple net leases?

The Best NNN Properties 2022 Dollar General. Retail pharmacies. Gas & convenience stores. Fast-food/QSRs with drive-thrus. Early Education Centers & Child Care Assets.

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Triple Net Commercial Lease Agreement - Real Estate Rental

Dallas Texas Triple Net Commercial Lease Agreement - Real Estate Rental

Name: Dallas Texas 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:

Dallas

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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How to fill out Dallas Texas Triple Net Commercial Lease Agreement - Real Estate Rental?

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FAQ

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.

Additional rent to reimburse the landlord for the costs associated with the operation, repair, and maintenance of the building and any common areas. These costs typically include: real property taxes.

A Triple Net Lease agreement is a type of lease that designates the tenant (lessee) as having the sole responsibility for any and all costs associated to the asset being leased in the agreement. This agreement is in conjunction with the associated rent fee applied as part of the lease.

In a Triple Net lease, all expenses are passed through to the tenant: CAM, property taxes, insurance and you are also separately responsible for utilities and janitorial. Tenants in a NNN lease will typically see these bills and expenses starting as soon as their lease starts.

Triple net rent model: The tenants pay all operating expenses, including property taxes, insurance and repairs and maintenance, either directly or by pass-through reimbursement to the landlord.

Benefits of a Triple Net Lease The most obvious benefit of using a triple net lease for a tenant is a lower price point for the base lease. Since the tenant is absorbing at least some of the taxes, insurance, and maintenance expenses, a triple net lease features a lower monthly rent than a gross lease agreement.

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With a triple net lease, the tenant promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These payments are in addition to the fees for rent and utilities.

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.

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Dallas Texas Triple Net Commercial Lease Agreement - Real Estate Rental

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