Single net lease Although rents are usually lower in triple net leases than other forms of lease agreements, this form of lease agreement is desirable for real estate taxes and building insurance. The lessor or landlord is responsible for paying property taxes as well as the base rent. Double- and triple-net leases are more common forms of net leases. The net lease requires the tenant to pay, in addition to the fixed rent, some or all of the property expenses which normally would be paid by the tenant are usually specified in a written lease. For properties that are leased by more than one tenant, such as a shopping center, the expenses that are "passed through" to the tenants are usually prorated among the tenants based on the size (square footage) of the area occupied by each tenant. The term "Net Lease".

commercial real estate auctions

commercial real estate auctions

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commercial real estate auctions

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