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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.).
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
Investors prefer to hold these assets long-term, which means there is likely some wear and tear maintenance, as well as a roof that will need to be replaced at some point. With an absolute net lease in, the risk of expenses associated with building maintenance shifts solely to the tenant, allowing the landlord to receive a 100% passive investment.
A commercial contract is an agreement containing all the work that should be performed for the construction of a commercial building or non-residential building. A skillfully constructed commercial contract can protect both parties' interests, minimize risks, and increase profitability for the contractor.
The agreement, which has the 20-story building’s owner — MJ Illinois LLC — admitting liability for the 18 fire and housing code violations that are […] City of Peoria, Chase Bank Building ...
The Border Peace and Tranquility Agreement (BPTA or MPTA; formally the Agreement on the Maintenance of Peace and Tranquility along the Line of Actual Control in the India–China Border Areas) is an agreement signed by China and India in September 1993, agreeing to maintain the status quo on their mutual border pending an eventual boundary settlement. [1]