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The largest risk associated with a NNN lease is the tenant terminating the lease or failing to renew, which can result in loss. There are several factors used to determine the riskiness of a lease, including remaining term on the lease and creditworthiness of the tenant. [7]
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.). In such a lease, the tenant or lessee is ...
US$4.332 billion (2019) Number of employees. 70 (2020) Website. www.nnnreit.com. Footnotes / references. [1] NNN Reit, Inc. is a real estate investment trust that invests primarily in high-quality properties that are subject to long-term NNN leases. It is organized in Maryland with its principal office in Orlando, Florida.
Bond lease. In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property ...
It buys single-tenant net lease retail properties. It focuses on well-located properties leased to growing national and regional retailers, like auto service locations, convenience stores, and ...
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property.