(* Disclaimer: Okay, okay - Real Estate does tend to throw a few knucklers, but we'll get you through them.)
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Triple NNN or Triple Net - A NNN lease is set up to have the Tenant pay a base rental amount each month to the Landlord. In addition to the base rent, the Tenant also reimburses the Landlord monthly for the tenant’s pro-rata share of certain estimated expenses (“reimbursables”)…
In my 29 years of commercial real estate leasing, both in warehouse and office, I have seen hundreds of lease documents with many arrangements of rent and responsibilities. The basic and most used leases are as follows…
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