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 [...]
admin | February 22, 2009
Most long-term leases have some sort of variable lease arrangement that allows the property owner to raise the rental payment charges. The basic methods for such adjustable leases are the graduated and the index leases, which are similar to their mortgage counterparts.
The index version of the variable lease makes periodic adjustment to the rental rate [...]
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 [...]