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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 ...
As the rent collected under a net lease is "net" after expenses are passed through to tenants to be paid, the rent tends to be lower than rent charged under a "gross lease". Net lease types include single net, double net, and triple net leases, depending on the number of items they include. The term "net lease" is often used as a shorthand ...
The campus housing system at the University of Michigan in Ann Arbor, referred to as University Housing (which is a unit of Student Life), provides living accommodations for approximately 10,000 undergraduate and graduate students. There is no requirement for first-year students to live in University Housing, yet approximately 97% of incoming ...
Old triple support columns for holding up the roof appear to have been replaced with single wooden beams. And a giant mid-20th Century sign that once stood outside the motel is no longer.
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.
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 related expense, even in instances of a material casualty/condemnation.
Michigan State University Housing is a large and complex network of housing for students and faculty of Michigan State University.Most of the housing is in the form of residence halls on the school's campus, but there are also university apartments, fraternity and sorority housing, and free-standing housing for grad students, faculty and staff.
Website. City website. Three Rivers is a city in St. Joseph County, Michigan. The population was 7,973 at the time of the 2020 census. [5] Three Rivers derives its name from its location at the confluence of the St. Joseph River and two tributaries, the Rocky and Portage rivers. [6] The St. Joseph River flows into Lake Michigan.