This form is frequently used for freestanding buildings, such as outparcel developments or single-tenant "big box" sites. Bondable lease In a double net lease (Net-Net or NN) the lessee or tenant is responsible for all costs associated with repairs or replacement of the structural building elements of the property. 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 to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees.
commercial real estate information
commercial real estate information
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commercial real estate information
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