admin | February 22, 2009
Also called a land lease, the ground lease is one in which a tenant simply rents land, often without improvements of buildings. This is typically a net lease, with the tenant responsible for taxes, insurance and maintenance.
With ground leases, the tenant will then develop the property and build on the land. Because the tenant will [...]
Category: Lease |
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Tags: cash, credit, insurance, loan, maintenance, Tax
admin | February 22, 2009
Also called a net-net (NN or double-net) or net-net-net (NNN or triple-net) lease, the net lease is most commonly used for commercial and industrial properties. The key element with the net lease is that in addition to paying a base rent, the tenant must also pay a portion of the building’s operating expenses, which may [...]
Category: Lease |
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Tags: finance, insurance, Lease, money, Tax