In a single net lease (sometimes shortened to Net or N), the lessee or tenant 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 precise items 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. This form is frequently used for freestanding buildings, such as outparcel developments or single-tenant "big box" sites. Single net lease A bondable lease (also called an absolute 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..

realtors

realtors

Forbes - SPRINGFIELD, Ill., Feb. 25 /PRNewswire-USNewswire/ --- Extreme winter weather compounded the seasonal slowdown for home sales typical for January in Illinois. According to the Illinois Association of REALTORS(R) latest report, total home sales (which ... Read more...

Statewide Sales Down in January From a Year Ago

BusinessWeek - An industry group's report due Monday is expected to show that existing home sales fell slightly in January from a record low pace the previous month, reflecting a rebound-resistant housing market. The National Association of Realtors' report on ... Read more...

realtors

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