Use of a triple net lease may be a prerequisite for credit tenant lease financing, and may permit a lender to lend to the landlord on nonrecourse terms. This form is frequently used for freestanding buildings, such as outparcel developments or single-tenant "big box" sites. Economics The precise items that are to be paid by the property owner receives the rent "net" after the expenses that are to be paid by the property owner receives the rent "net" after 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 fit. In a double net lease (Net-Net or NN) the lessee or tenant is responsible for any expenses incurred for structural repairs and common area.

houston commercial real estate

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CNBC - PARAMUS, N.J. (AP) _ Vornado Realty Trust on Monday said its fourth-quarter funds from operations fell 9 percent as the commercial real estate investment trust took a loss on bad loans and the year-ago period was boosted by several items. HOUSTON (AP ... Read more...

Earnings roundup: Vornado, El Paso

Philadelphia Business Journal - About Pennsylvania Real Estate Investment Trust Living in PA you're guaranteed to pay a visit to some of ... Expanding Nike leases 75,000 SF at Evergreen Corporate Center [Portland] Commercial real estate briefs [Houston]Read more...

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